Trade Desk to replace Activision Blizzard in Nasdaq-100 index.

[Ludwig]

Trade Desk to replace Activision Blizzard in Nasdaq-100 index.

Trade Desk to replace Activision Blizzard in Nasdaq-100 index.

www.ainvest.com

The Trade Desk, Inc. will replace Activision Blizzard, Inc. (Nasdaq: ATVI) in the Nasdaq-100 Index®, the Nasdaq-100 Equal Weighted Index, and the Nasdaq-100 Ex-Tech Sector Index. Activision Blizzard, Inc. will also be removed from the Nasdaq-100 ESG Index (Nasdaq: NDXESG) prior to market open on Monday, July 17, 2023.1 hour ago

 

[Ludwig]

Never mind. I think I jumped the gun.
@TubzGaming
Can you delete this thread?

 

[Cool hand luke]

Care to explain what this means?

 

[Nimrota]

Care to explain what this means?

NASDAQ only features a limited number of companies. ABK is being replaced on NASDAQ by a new company, The Stock Desk, whose worth has almost doubled since the beginning of this year. Just a coincidence that timing wise it coincides with merger loosely.

 

[Zzero]

NASDAQ only features a limited number of companies. ABK is being replaced on NASDAQ by a new company, The Stock Desk, whose worth has almost doubled since the beginning of this year. Just a coincidence that timing wise it coincides with merger loosely.

NASDAQ actually doesn't have a strict limit and has thousands of listings. This is the NASDAQ 100 Composite, however, which is just 100 selected stocks that they offer as a "safe investment" where it should almost always go up regardless of how any one individual stock does.

 

[Cool hand luke]

NASDAQ actually doesn't have a strict limit and has thousands of listings. This is the NASDAQ 100 Composite, however, which is just 100 selected stocks that they offer as a "safe investment" where it should almost always go up regardless of how any one individual stock does.

Interesting, so no real reason to remove the stock prematurely if it was only going to go up to 95 from here.

Would suggest they're insulating institutional investors from the steep decline we'll see come July 18th when Bobby backs out or the recent volatility has moved it outside of whatever tolerable threshold they have for stocks on the composite.

Sounds like nothing in the worst case and terrible for the deal in the best case.