This booming tech stock will join the S&P 500 — and it’s not Strategy

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Sandisk Corp. will join the S&P 500 on Friday, S&P Dow Jones Indices said late Monday.

Shares of Sandisk

SNDK, which makes computer-storage devices, rallied more than 9% in the extended session after the news. The company is moving to the S&P 500 SPX from the S&P Small Cap 600 SML, replacing advertising and marketing company Interpublic Group of Companies Inc. IPG.

This post was originally published on Market Watch

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