Rosetta Resources Jumps 7%; Company Will Be Added to S&P MidCap 400

Shares of Rosetta Resources

are surging on Tuesday amid higher oil prices and news that it will be added to the S&P MidCap 400 index after the close of trading on Thursday. Rosetta will replace Catalyst Health Solutions

. At last check, the stock was trading up around 7% to $38.87. Volume has been heavy with more than 2.2 million ROSE shares trading hands compared to a 3-month daily average of under 1 million. Rosetta Resources Inc. (Rosetta) is an independent exploration and production company engaged in the acquisition and development of onshore energy resources in the United States of America.