MSCI (MXB) S&P MidCap 400 Addition Will Put It on the Map
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MSCI Inc. (NYSE: MXB) looks to be a big mover today on news it will replace Priceline (Nasdaq: PCLN) in the S&P MidCap 400. Priceline is moving to the S&P 500, replacing Schering-Plough.
MSCI is a lightly followed stock, so this move could put it on the radar of many a fund manger.
Earlier in the month, Stephen Mandel's Lone Pine Capital hedge fund disclosed a 5.5%, or 5,476,525 share, stake in the company, as StreetInsider.com noted here.
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