Why Novanta (NOVT) Shares Are Trading Higher Today - Novanta (NASDAQ:NOVT)

Novanta Inc NOVT braces to replace Six Flags Entertainment Corp SIX in the S&P MidCap 400 effective before trading on July 26.
Six Flags will replace Natus Medical Inc NTUS in the S&P SmallCap 600.
ArchiMed snapped Natus Medical in a deal that closed today.
Novanta clocked 26% revenue growth to $204.2 million in the first quarter of FY22, beating the consensus of $196.1 million. Adjusted EPS of $0.73 beat the consensus of $0.63.
Price Action: NOVT shares traded higher by 9.74% at $150.25 in the premarket on the last check Friday.