2024-12-14
Dec. 13, 2024 — Nasdaq (Nasdaq: NDAQ)
has announced the annual reconstitution of the Nasdaq-100 Index® (Nasdaq:
NDX®), which will take effect before the market opens on Monday, December 23,
2024.
The following three companies will join the Nasdaq-100 Index®:
The Nasdaq-100 Index® comprises 100 of
the largest non-financial companies listed on The Nasdaq Stock Market® and has
been a key financial benchmark since its inception in 1985.
It serves as the foundation for various
financial products, including the Invesco QQQ Trust (Nasdaq: QQQ), as well as
options, futures, and structured products traded on multiple exchanges.
As part of this reconstitution, three companies will be removed from the Index:
The annual reconstitution aligns with
the quadruple witch expiration Friday in December, a significant quarterly
event for futures and options contracts.
The Nasdaq-100 Index® and its financial
products, such as the Invesco QQQ Trust, aim to reflect the performance of the
largest and most dynamic non-financial companies in the market.
Nasdaq Global Indexes, with a history
of innovation since 1971, continues to offer diverse investment opportunities
and performance measurement tools for global financial markets.
This inclusion is important because it
means that ETFs like the Invesco QQQ Trust (QQQ), which tracks the Nasdaq 100
and has around $325 billion in assets, will automatically buy shares of
MicroStrategy.
This could lead to increased demand and
potentially boost MicroStrategy's stock price even further.
MicroStrategy, known for its aggressive
Bitcoin acquisition strategy, has seen its stock soar over 500% this year.
The company's market cap now stands at
roughly $97.94 billion, despite having less than $500 million in revenue over
the past four quarters.
For more information about the newly
added companies, visit their respective websites:
