3 Stocks Breaking Out After S&P 500 Nod

KKR, CRWD, and GDDY all have padded their gains in the last 12 months

Managing Editor
Jun 10, 2024 at 10:31 AM
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Amid a Friday evening news dump, the S&P Dow Jones Indices announced that investment firm KKR & Co Inc (NYSE:KKR), cybersecurity platform CrowdStrike Holdings Inc (NASDAQ:CRWD), and domain marketplace GoDaddy Inc (NYSE:GDDY) will be joining the S&P 500 Index (SPX), effective June 24. 

Robert Half International (RHI), Comerica (CMA), and Illumina (ILMN) will leave the index, and are all lower this morning in response. Dell Technologies (DELL) and Palantir Technologies (PLTR) are also lower on the disappointment of not getting added.

KKR was last seen up 8% to trade at $105.82, on track for its best single-session pop since Nov. 2022. The shares are now up 26.5% in 2024, notching a new record high of $108.54. Prior to today, the stock was testing support at its 100-day moving average. 

CrowdStrike stock is 7.7% higher to trade at $374.21, and earlier hit an all-time high of $383.65. The shares are now 49% higher year-to-date and up 154.7% year-over-year. 

GoDaddy stock is up a modest 1.9% to trade at $141.61, but still earlier hit a record high of $142.86. The shares are up 33.7% in 2024, with support in place at their ascending 50-day moving average.

 

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