Ares Stock Surges. It Went From S&P 500 Snub to Kellanova Sub.
Market Intelligence Analysis
AI-PoweredAres stock has surged after being considered for inclusion in the S&P 500, despite being initially snubbed, and has now been added to Kellanova's portfolio.
Market impact analysis based on bullish sentiment with 78% confidence.
Article Context
Ares, with a market capitalization of $54 billion, is one of the largest companies by market value not currently in the S&P 500. It was one of the top candidates for inclusion in the S&P 500 when the index made its rebalancing announcement on Friday. Carvana CRH and Comfort Systems USA got the go-ahead, while Ares was snubbed.
Analysis and insights provided by AnalystMarkets AI.