(Updates with the stock move in the headline and the second paragraph.)
Acadia Pharmaceuticals (ACAD) is set to join the S&P SmallCap 600 index on Jan. 3, replacing Independent Bank (IBTX), S&P Dow Jones Indices said late Monday.
Acadia shares were up 12% in recent Tuesday trading.
Independent Bank is being acquired by SouthState (SSB) in a deal expected to close soon, the index operator said.
Price: 18.69, Change: +2.00, Percent Change: +11.98
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