Shares of Activision Blizzard, Inc. (ATVI) surged more than 6.5% in after-hours trading Thursday following the announcement that the company will replace Pall Corp. (PLL) in the S&P 500 after the close of trading on Friday, August 28.
Early this month, Activision Blizzard reported second quarter 2015 non-GAAP earnings per diluted share of $0.13, as compared with $0.06 for the same period the prior year.
Activision Blizzard is the largest and most profitable western interactive entertainment publishing company.
United Continental Holdings, Inc. (UAL) stock climbed over 7% in the extended session Thursday after S&P Dow Jones Indices announced that the air transportation services company will replace Hospira, Inc. (HSP) in the S&P 500 after the close of trading on Wednesday, September 2.
United Continental recently reported second-quarter 2015 net income (excluding special items) of $1.3 billion, or $3.31 per diluted share, representing a record quarterly profit for the company
The S&P 500, or the Standard & Poor’s 500, is an index of 500 stocks chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe. Most experts consider the S&P 500 one of the best benchmarks available to judge overall U.S. market performance.
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