Benzinga | Sep 7, 2021 09:29AM EDT

Why Are Match Group Shares Trading Higher Today?

* Online dating services provider Match Group Inc (NASDAQ:MTCH) will join the S&P 500, effective September 20, 2021.

* Match, which owns the Tinder dating app and has a market value of around $41 billion, will be added to the benchmark, replacing the drugmaker Perrigo Co PLC (NYSE:PRGO).

* Ceridian HCM Holding Inc (NYSE:CDAY) and Brown & Brown Inc. (NYSE:BRO) will also join the S&P 500.

* Perrigo Company will replace WW International Inc. (NASDAQ:WW) in the S&P MidCap 400.

* Price Action: MTCH shares traded higher by 8.31% at $160.50 in the premarket session on the last check Tuesday.