$OKTA | Okta Shares up 4.4% Premarket After Announcing It Will Replace $BERY Berry Global Group in S&P MidCap 400
$OKTA (+4.1% pre) Okta, Inc. (OKTA) to Join S&P MidCap 400 https://t.co/qTE2nLpgaa
$OKTA will join the S&P MidCap 400, replacing Berry Global effective before market open on May 1. $BERY is being acquired by S&P 500 constituent Amcor, with the deal expected to close soon.
Okta, Inc. is set to join the S&P MidCap 400 index, replacing Berry Global Group. The change will take effect before the market opens on May 1. Berry Global is being acquired by Amcor, a constituent of the S&P 500, with the deal expected to close soon. Following the announcement, Okta's shares rose approximately 4.1% to 5% in premarket and after-hours trading. Okta has been recognized as a leading cybersecurity identity company, maintaining strong technical performance, including holding the 200-day exponential moving average after a strong earnings report. Meanwhile, Zscaler and other cybersecurity firms such as CrowdStrike, Fortinet, and Palo Alto Networks have also shown positive momentum in the sector.
