Why Freshworks Stock Bumped Higher Today
Freshworks (NASDAQ: FRSH) , an enterprise software company that has eagerly embraced artificial intelligence to power its solutions, posted a healthy gain on the stock market on Tuesday. That was mostly due to its inclusion in a prominent small-cap equity index. After market close on Monday, S&P Dow Jones Indices announced that Freshworks is to replace healthcare stock BioLife Solutions as a component of the S&P SmallCap 600 index. BioLife is being acquired by peer company Repligen , which happens to be a component of the S&P MidCap 400 index. Image source: Getty Images. Continue reading