Sally Beauty (SBH) Shares Jump After This Big Announcement

Sally Beauty shares saw a 6% jump on Monday after the company announced that it would be joining the S&P MidCap 400. The company will be replacing R.R. Donnelley & Sons, which will move into the S&P SmallCap 600 index.

On Monday the stock traded over 5 million shares, which was more than triple its 30-day moving average volume of 1.5 million shares, according to market data.

Disclaimer: We have no position in Sally Beauty Holdings, Inc. (NYSE: SBH) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

sophia-villa has 2020 posts and counting.See all posts by sophia-villa