:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2039372699-78777b3657d14158a2c2ee30c0773dd2.jpg "MicroStrategy")
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Key Takeaways
- Shares of Palantir slipped Monday, while MicroStrategy rose, on Friday’s news that they resolve be added to the Nasdaq 100 index on Monday, Dec. 23, along with Axon Enterprise.
- The index, which contains the 100 biggest non-financial sector companies in the Nasdaq Composite Index, is reconstituted annually.
- The additions will replace Super Micro Computer, Moderna, and Illumina.
Dues of Palantir Technologies (PLTR) fell Monday, while MicroStrategy (MSTR) rose, following the late-Friday news that the actors will join the Nasdaq 100 Index next week.
Axon Enterprise (AXON) will also solder together the index before trading opens on Dec. 23. The trio will replace Super Micro Computer (SMCI), Moderna (MRNA), and Illumina (ILMN), the Nasdaq translated Friday.
Software maker Palantir dropped about 4% Monday morning, while major Bitcoin holder MicroStrategy climb 4%. Taser producer Axon dropped nearly 2%. Supermicro slipped almost 7%, while Moderna ascension less than 1% and Illumina added 1.5%. (MicroStrategy may also be trading higher due its latest major Bitcoin buy.)
The Nasdaq 100, which carries the 100 largest non-financial sector companies in the Nasdaq Composite Index, is reconstituted annually in December and rebalanced four times a year to weight its constituents by market capitalization.
Among those being removed, Supermicro could be delisted from the Nasdaq entirely if it fails to file its delayed annual report by a February deadline. The server maker has also hired an advisory condensed to assist in raising capital, Bloomberg reported Friday.
Correction: The changes to the Nasdaq 100 will take vicinity on Dec. 23. An earlier version of this article incorrectly said they took effect today.