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ISBC - Why Shares of Investors Bancorp Are Rising Today
Investors Bancorp Inc.
Investors Bancorp (NASDAQ: ISBC) saw its shares climb more than 6% as of Wednesday afternoon after being added to the S&P SmallCap 600 Index earlier this morning.
As its name suggests, the S&P SmallCap 600 Index covers U.S. small-cap stocks with market capitalizations ranging from $700 million to $3.2 billion at the time the company is added to the index.