Veeva Systems Stock Surges on S&P 500 Entry: Why VEEV’s May 7 Move Matters
Veeva Systems Inc. surged Friday after S&P Dow Jones Indices announced the life-sciences software firm is set to join the S&P 500 ahead of the May 7 open, taking over the spot from Coterra Energy Inc.—now being bought by Devon Energy Corp. Late Friday, Veeva traded at $172.29, a gain of about 10.5%, putting its market cap near $29.1 billion.
