Acadia Pharmaceuticals Shares Rise With Co to Join S&P SmallCap 600

Dow Jones

2025/01/01

By Kailyn Rhone

Shares of Acadia Pharmaceuticals rose after the company said it was set to join the S&P SmallCap 600 index.

The biopharmaceutical company's stock jumped 12% to $18.73 in morning trading Tuesday, though shares remain down around 40% for the year.

The San Diego company Tuesday said it will replace bank holding company Independent Bank Group, which is expected to be sold to SouthState Corp., in the small-cap index effective Jan. 3.

Write to Kailyn Rhone at kailyn.rhone@wsj.com

(END) Dow Jones Newswires

December 31, 2024 11:03 ET (16:03 GMT)

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