LaCroix In, Books Out as National Beverage Jumps on S&P 600 Nod
LaCroix
Photographer: Randy Shropshire/Getty Images
This article is for subscribers only.
With national bookseller Barnes & Noble Inc. set to go private this month, the index makers at S&P Global had a spot to fill in their SmallCap 600 Index.
The lucky entrant? National Beverage Corp., the maker of LaCroix flavored sparkling water. The company (ticker: FIZZ) jumped as much as 9.2% Friday, the most since November 2017, on the planned S&P index inclusion, set to become effective before the open Aug. 7.