The share price of global professional services firm focused on delivering digital transformation Genpact Limited (NYSE: G) was up 9.02% to $49.09 at the last check-in extended trading. G stock closed at $45.03 last session, up $0.13 or 0.29%.
The number of shares of G stock that were exchanged was 0.77M which is less than the company’s average of 1.22M and less than its average volume of 1.15M since the first of the year. Upon news it’s moving up to S&P MidCap 400 from S&P SmallCap 600, the G stock soared.
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What happened?
Genpact enables businesses to transform by providing professional services. With a purpose of relentlessly pursuing a better world, G drives digitally-enabled intelligent operations for its clients. G inspires real-world transformation through its experience automating, transforming, and managing processes for hundreds of clients, including many Global Fortune 500 companies.
Before the opening of trading on Monday, May 3, changes will be made to the S&P MidCap 400 and the S&P SmallCap 600. In the S&P MidCap 400 index, Genpact’s shares will take the place of Genworth Financial Inc. (NYSE: GNW).
Other development:
The Genpact (G) yesterday announced that The Forrester Wave: Insights-driven Business Process Outsourcing, Q4 2020 report has rated the Genpact a Leader. Among the values, Genpact achieved the highest points were vision, the ecosystem of partner companies, and the number of customers.