Pacira BioSciences (NASDAQ:PCRX) shares are trading higher after the stock was added to the S&P SmallCap 600 index.
The company has replaced Shutterfly Inc. (NASDAQ:SFLY) in the S&P SmallCap 600, effective prior to the open of trading on Sept. 30. Apollo Global Management Inc. (NYSE:APO) is acquiring Shutterfly in a transaction expected to be completed today.
Pacira BioSciences shares were trading up 5.57% at $40 in Wednesday’s pre-market session. The stock has a 52-week high of $55 and a 52-week low of $34.64.
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