AMEH - Here's Why Callaway Golf and Apollo Medical Stocks Moved Today
Online delivery service Grubhub (NYSE: GRUB) has been purchased by Netherlands-based Just Eat Takeaway.com (OTC: TKAY.Y) and will be leaving U.S. stock indexes as a result. The resulting shuffle will affect the placement of Callaway Golf (NYSE: ELY) as well as Apollo Medical Holdings (NASDAQ: AMEH) , and the stocks are moving today because of it. At 11:45 a.m. EDT, Callaway Golf shares were down about 3%, but ApolloMed stock had jumped almost 17%.
On June 15, Callaway Golf will replace Grubhub in the S&P MidCap 400 index, while healthcare management company ApolloMed will join the S&P SmallCap 600 .
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Here's Why Callaway Golf and Apollo Medical Stocks Moved Today