Facebook stock likely to get boost from inclusion in Nasdaq 100
Facebook began trading on Nasdaq in May.
Facebook’s stock may be getting another boost soon, thanks to Nasdaq.
The social-networking company is set to replace Infosys on the Nasdaq 100, the collection of the largest 100 nonfinancial companies trading on the stock exchange. The company will be added to the index on December 12, according to CNBC, roughly seven months after its difficult IPO.
In addition to being an apparent nod toward the company’s growing influence in the tech community, the move is also expected to lead to a stock price uptick as index fund managers snap up the stock to…