Shares of CrowdStrike (NASDAQ: CRWD) were trading higher on Monday. The cloud-based endpoint security specialist jumped as much as 9.9% in early trading and was still up 9.1% as of 11:58 a.m. ET.

The catalyst that sent the cybersecurity stock higher was the announcement it would be joining one of the major trading indexes.

A statement released after the market close on Friday revealed that CrowdStrike would be joining the S 500. The stock will be replacing Robert Half when the market opens on Monday, June 24. In a press release marking the change, S Global noted, "The changes ensure each index is more representative of its market capitalization range."

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Source Fool.com