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-0.000763297444962228 8.03470994696361E-05 0.00112485939257593 0.0023300658846215 0.00532299533986818 0.00707054475333437 0.00126546681664791 0.00361561947613682
Stock impact report

Why AppFolio Stock Jumped on Tuesday [Yahoo! Finance]

AppFolio, Inc. - Class A (APPF) 
Last appfolio, inc. - class a earnings: 3/2 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
ET compared to a 0.3% increase in the S&P 500 . This boost added to big recent gains from the software tech specialist. Shares are up by more than 40% so far in 2024, while the wider market has gained about 10% Tuesday's rally was sparked by news that AppFolio will be joining a new index. Welcome to the index AppFolio stock will soon become a component of the S&P Mid-Cap 400 Index , according to a late Monday press release. That change will have no impact on the company's growth or earnings prospects, yet it does mean potentially higher demand for the stock over the next week or so. That's because many mutual funds and exchange-traded funds seek to replicate the returns of the various S&P indexes; those that do so have to accumulate shares of their new components when stocks are added to them, temporarily boosting demand for those shares. So stocks often see a brief uptick on news that they'll join an index , particularly the most widely followed ones like the S&P 500 and the Show less Read more
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