Facebook is likely the next company in line to be added to the Nasdaq 100 Index, as CNBC pointed out that the social network is currently the company with the largest market valuation listed on Nasdaq that is not part of the index, and adding that a spot will open Dec. 12, when information-technology-services company Infosys leaves Nasdaq for the New York Stock Exchange.
The potential good news comes just following the wrap of Facebook’s most successful month since going public, as the social network’s stock price rose by some 30 percent in November.
Capital Markets Advisory Partners Chairman and CEO David Weild, a former vice chairman of Nasdaq, told CNBC:
Any time a major stock can get added to an index like that, it’s good news for the company in terms of share price. You usually do get a bit of bump. It creates demand. It should help the stock trade at a premium to where it otherwise would have traded.
Readers: Do you think the potential inclusion in the Nasdaq 100 Index will help Facebook’s stock continue its recovery?