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Here's Why Vector Group Stock Jumped 15% Friday

TheMotleyFool

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Here's Why Vector Group Stock Jumped 15% Friday

Shares of Vector Group NYSE: VGR) were up 13.9% at noon EDT Friday, having cooled off a little after surging more than 15% earlier today.

Today's big jump looks entirely related to an announcement from S&P Dow Jones Indices that Vector Group would be joining the S&P SmallCap 600 Index, replacing Tetra Tech (NASDAQ: TTEK), which is being "promoted" from the SmallCap index to the S&P MidCap 400 Index.

Image source: Getty Images.

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