Why Sotera Health Stock Crushed the Market Today

Sotera Health's (NASDAQ: SHC) shares were quite the picture of stock market health on Monday. The company's stock leaped more than 10% higher on the day, thanks to its graduation to a well-known and much-tracked equity index.

That morning, S&P Global (NYSE: SPGI) unit S&P Dow Jones Indices made one of its periodic announcements that it is slightly reconfiguring several of its indexes. Due to changes in the S&P MidCap 400, Sotera and its healthcare sector peer Shockwave Medical (NASDAQ: SWAV) will soon be components of that index.

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Source Fool.com