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Xencor Inc (NASDAQ:XNCR) shares are trading higher after it was announced the company will replace HFF Inc (NYSE:HF) in the S&P SmallCap 600 on July 2.
Xencor is a pharmaceutical manufacturer with an emphasis on addressing severe diseases.
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HFF provides capital markets and brokerage services to owners of commercial real estate. In March, Jones Lang LaSalle Inc. (NYSE:JLL) announced it's acquiring HFF in a cash and stock transaction with an equity value of approximately $2 billion.
Xencor shares traded higher by 13% to $38.42 at time of publication Tuesday. The stock has a 52-week range between $48.38 and $27.75.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.