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RCUS - Arcus Biosciences gains 10% on addition to SmallCap 600
Arcus Biosciences Inc.
Arcus Biosciences (NYSE:RCUS) has jumped 9.7% postmarket on the news it's set to join the S&P SmallCap 600 index. It's moving in to replace Investors Bancorp (ISBC), set to be acquired by Citizens Financial Group in a deal closing soon. The index change is effective prior to the open of trading on Thursday, April 7. Arcus shares had moved up 9.1% during the regular session today, taking the edge off a 5-day decline that had run to -5.9% (see a one-month chart vs. the market here).