Shares of
Concho Resources IncCXO were trading higher by more than 6 percent early Wednesday morning after S&P Dow Jones Indices
announced the company's stock will be added to its S&P 500 index.
Concho Resources will replace
Plum Creek Timber Co. Inc.PCL after the close of trading on Friday. Plum Creek has agreed to sell itself to
Weyerhaeuser CoWY and the transaction is expected to close by Friday.
Concho Resources is an independent oil and natural gas company with a market cap of $11.50 billion.
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WYWeyerhaeuser Co
$25.30-3.47%
Edge Rankings
Momentum
27.21
Growth
39.55
Quality
23.36
Value
56.39
Price Trend
Short
Medium
Long
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