Veeva Systems to be Added to S&P 500 Index, Replacing Coterra Energy
Veeva Systems is set to be added to the S&P 500 index, replacing Coterra Energy, which is being acquired by Devon Energy. The stock rose nearly 10% in extended trading following the announcement. However, Veeva has faced significant declines this year due to concerns about AI disrupting the cloud software industry.
Tickers: $AMZN $APP $CRM $CTRA $DASH $DDOG $DVN $HOOD $IQV $MSFT $ORCL $VEEV
Topics: cloud software index inclusion S&P 500 stock movement Veeva Systems