Nutanix Inc NTNX shares are trading higher Monday afternoon following a Friday announcement from S&P Global that the cloud computing company will be added to the S&P MidCap 400 index. <\/p>\n
The change is set to take effect prior to the opening of trading on Monday, Sept. 22<\/a>.<\/p>\n Check the market position of NTNX here.<\/a><\/p>\n The inclusion of Nutanix in the widely followed index is a significant milestone for the company. Index inclusion typically leads to increased demand for a company\u2019s shares from index funds and other institutional investors that track the S&P MidCap 400. Nutanix will replace Acadia Healthcare Company Inc ACHC in the index.<\/p>\n Benzinga Edge Rankings: Benzinga Edge<\/a> stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell. Based on this data, while Nutanix shows a solid Growth score of 57.77, it has a very low Value score of 8.29.<\/p>\n NTNX Price Action: According to data from\u00a0Benzinga Pro<\/a>, Nutanix shares are trading higher by 7.24% to $74.98 on Monday afternoon. The stock has a 52-week high of $83.36 and a 52-week low of $54.66.<\/p>\n How To Buy NTNX Stock<\/p>\n Besides going to a brokerage platform to purchase a share \u2014 or fractional share \u2014 of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.<\/p>\n For example, in Nutanix\u2019s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.<\/p>\n Read Also: Image: Shutterstock<\/p>\n Stock Score Locked: Want to See it?<\/p>\n Benzinga Rankings give you vital metrics on any stock \u2013 anytime.<\/p>\n
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