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Investing.com -- Veracyte Inc (NASDAQ:VCYT) stock surged 7.6% following news that the company will be added to the S&P SmallCap 600 index effective prior to market open on Tuesday, July 29, 2025.
The diagnostic test maker will replace Triumph Group Inc (NYSE:TGI) in the small-cap benchmark as Triumph is being acquired by Warburg Pincus LLC and Berkshire Partners LLC. The acquisition is expected to close soon, pending final closing conditions.
Index additions typically drive stock price increases as funds tracking the benchmark need to purchase shares of the newly added company. Veracyte’s inclusion in the S&P SmallCap 600 represents a significant milestone for the health care company, potentially increasing its visibility among investors.
The index change will take effect before markets open on July 29, with Veracyte joining the Health Care sector of the index while Triumph Group exits from the Industrials sector.
Veracyte specializes in genomic diagnostics, developing and commercializing tests that help physicians improve diagnostic accuracy and optimize patient care.
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