(CercleFinance.com) – Amazon shares will enter the Dow Jones Industrial Average index from Monday February 26, index manager S&P Dow Jones Indices indicated last night.
On this date, the Internet giant will replace the American pharmacy chain Walgreens Boots Alliance, whose stock has fallen by almost 15% since the start of the year.
Over the past 12 months, the health group’s stock price has fallen by around 38%.
In a press release, S&P Dow Jones Indices explains that these changes aim to reflect the evolution of the American economy and the growing weight of retail within the activity.
This decision also follows Walmart’s recent decision to divide the par value of its shares by three, which will automatically reduce the weight of the American retailer within the index.
Fourth American market capitalization behind Microsoft, Apple and Alphabet, Amazon has climbed 10% since the start of the year thanks to its membership in the group of ‘Magnificent Seven’, the technological stocks most exposed to AI.
His gains over the last 12 months total 76%.
On the New York Stock Exchange, the stock was expected to rise by 1.2% in pre-market quotations following this announcement.
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