Match shares soar on news it will join S&P 500

Shares of Match Group rose greater than 8% after hours, following news that the corporate is becoming a member of the S&P 500.

As of Sept. 20 Match will exchange Perrigo Company, which is slated to join the S&P MidCap 400, S&P Dow Jones Indices announced in a release Friday.

Match, which relies in Dallas, owns a number of relationship corporations along with Match, together with Hinge, Tinder and OKCupid. With the after-hours features, Match shares are up greater than 50% for the reason that firm accomplished its spin-out from IAC in July 2020.

Earlier this week, CEO Shar Dubey advised staff in a memo that she would create a private fund to assist Texas employees and dependents affected by the newest Texas abortion legislation, CNBC reported.