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Why Shares of SelectQuote Rose Today

·1 min read
Why Shares of SelectQuote Rose Today
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Shares of the insurance platform SelectQuote (NYSE: SLQT) rose more than 11% today after it was announced that the company would join the S&P SmallCap 600 Index. SelectQuote currently has a market cap of roughly $3.5 billion, although that's after its recent bump today. Also, being added to an index results in greater visibility for the stock.