Green Mountain to Join the Nasdaq-100
Aug 16th 2013 8:01PM
Updated Aug 16th 2013 8:02PM
Green Mountain Coffee Roasters is about to land on a prominent stock index. The NASDAQ OMX Group announced it will include the caffeinated beverages specialist on its well-known Nasdaq-100. The company displaces Life Technologies on the list.
Additionally, Green Mountain is to be a component of a pair of specialty indices. These are the Nasdaq-100 Equal Weighted and the Nasdaq-100 Ex-Tech Sector index.
The company's migration to the various Nasdaq-100s will be effective before market open on Thursday, August 22.
In its operator's words, the Nasdaq-100 "includes 100 of the largest domestic and international non-financial securities listed on The Nasdaq Stock Market based on market capitalization." At its most recent closing stock price of $76.38, that measure for Green Mountain totals $11.5 billion.
The article Green Mountain to Join the Nasdaq-100 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in any stocks mentioned. The Motley Fool recommends Green Mountain Coffee Roasters. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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