CORE - PFGC APPS rise on S&P's latest index shuffles

Performance Food Group (NYSE:PFGC) and Digital Turbine (NASDAQ:APPS) are jumping on the latest moves to shuffle S&P's stock index. PFGC is up 4% postmarket after word that it's moving into the S&P MidCap 400 following its planned acquisition of Core-Mark Holding Co. (NASDAQ:CORE). Taking CORE's place in the SmallCap 600 is TreeHouse Foods, which is being displaced in the Midcap 400 by PFGC. TreeHouse is up 5.2% after hours. Those moves are effective prior to the opening of trading on Friday, Sept. 3. Meanwhile, Digital Turbine (APPS) is 5.9% higher after hours following the news that it's jumping into the MidCap 400, to replace Ligand Pharmaceuticals (NASDAQ:LGND). Ligand is up 4.9% as it's headed to the SmallCap 600 to replace Cincinnati Bell (NYSE:CBB), set to be acquired by Macquarie Infrastructure and Real Assets. Those moves are effective prior to the open of trading on Tuesday, Sept. 7.

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PFGC, APPS rise on S&P's latest index shuffles