- The stock price of SiTime Corp (NASDAQ: SITM) increased by over 9% during intraday trading today. This is why it happened.
The stock price of SiTime Corp (NASDAQ: SITM) increased by over 9% during intraday trading today. Investors responded positively to SiTime announcing that the company will be added to the S&P MidCap 400 Index, effective prior to the opening of trading on Tuesday, November 30, 2021.
By being added to the S&P MidCap 400 Index, a number of passive funds would also add a substantial number of SiTime shares to their portfolios.
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