RTTNews | Oct 26, 2021 10:56AM EDT

10:55 Tuesday, October 26, 2021 (RTTNews.com) - Shares of biotechnology company Avid Bioservices, Inc. (CDMO) are rising 13 percent on Tuesday's trading after the company announced that it would be added to the S&P SmallCap 600 Index, effective before trading begins on Friday, October 29.

Commenting on the development, Nick Green, President and Chief Executive Officer of Avid Bioservices, said, "We are pleased to be added to the S&P SmallCap 600 Index as it is a further demonstration of the momentum that Avid continues to generate as we successfully execute against our comprehensive growth strategy."

Currently at $29.52, the stock has traded between $6.99 and $29.81 during the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3235669/avid-bioservices-jumps-13-on-entry-into-s-p-smallcap-600-index.aspx)

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