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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.
