VICI Properties Inc. Jumps 8% on S&P 500 Addition

2022.06.06 14:57

VICI Properties Inc. (VICI) Jumps 8% on S&P 500 Addition

VICI Properties Inc. (NYSE:VICI) shares are trading 8.3% higher in pre-open trading Monday after the company was added to the S&P 500.

VICI will replace Cerner Corp. (NASDAQ:CERN) in the index prior to the open of trading on Wednesday, June 8.

Cerner is being acquired by S&P 500 constituent Oracle Corp. (NYSE:ORCL) in a deal expected to be completed soon, prompting the change.

VICI is a REIT that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand, and the Venetian Resort Las Vegas.

Source