Advertising technology company stocks Applovin and Stock Trading Apps Robin Hood Market Around 7% each jumped in Friday’s extension deal after S&P Global said the two would join the S&P 500 Index.
The changes will take effect before trading begins on September 22nd, S&P Global said in a statement. Applovin will be replaced MarketAxess HoldingsMeanwhile, Robin Hood will be replaced. Caesars Entertainment.
In March, short-seller Fuzzy Panda Research advised a large US Index Committee to ensure Applovin is not a member. Applovin shares fell 15% in December. When the committee chooses a working day to participate in the S&P 500. Robin Hood slipped 2% in June when the stock was removed from the quarterly rebalancing.
The S&P 500 already has a large-scale tech company concentration. datadog and Doordash I attended it earlier this year.
It is common for stocks to go up to news that they will be included in major indexes such as the S&P 500. Fund managers must purchase shares to reflect the renewal.
Both Applovin and Robinhood were released on Nasdaq in 2021.
Robinhood is a favorite among retail investors. AMC Entertainment and GameStop.
Applovin itself became a stock to watch, with stocks exceeding 278% in 2023 and 700% in 2024. As of the end of Friday, the stock had only won 51% so far in 2025.
Earlier this year, Applovin offered to purchase the US Tiktok business from China’s ordinance. US President Donald Trump recently repeatedly extended the sales deadline in June.
At Robinhood’s annual meeting in June, shareholders asked Vlad Tenev, the company’s co-founder and CEO, if they had plans to enter the S&P 500.
“It’s difficult to plan,” Teneve said. “I think it’s one of those things that hopefully happens.”
He said he believes the company is qualified.
Stocks in MarketAxess, which specializes in fixed income trading, are down 17% per year, while stocks in Caesars, which operates hotels and casinos, are down 21%.
Applovin and Robinhood YTD Stock Price Chart.
