Shares of Tesla Inc. they ended the pre-S&P 500 index era with a final upswing and high interest for investors.
Tesla TSLA,
it rose 6% to end a record $ 695 on Friday, reversing the course of the early hours of the day and picking up most of its steam in the final moments of trading.
Nearly 200 million shares were traded by hand, the fifth largest volume of Tesla and the highest since early February. The stock was the one that got the best performance and the most active of the Nasdaq 100. NDX,
The S&P 500 index, which will soon be joined by Tesla, fell 13.07 points, 0.35%. Shares of Tesla fell in the extended session on Friday, with a 2% drop in the last control.
Related: Want to buy shares of Tesla? That’s what one analyst says before the addition of the S&P 500
On Monday, Tesla shares begin trading on S&P SPX,
a seal of approval that will put the shares in countless index tracking and active management funds, which will have to follow the same to balance their portfolios.
The S&P index manager announced the inclusion of Tesla on November 16, after disrupting the company in a previous rebalancing.
Underlining the complexity of adding the company, S&P Dow Jones Indices consulted investors on how to ultimately decide to add Tesla at the same time.
Since the announcement of the addition of S&P, Tesla has added $ 271.96 million in market value, which is higher than the market capitalization of Toyota Motor Co., currently around $ 213 billion.
In fact, this jump in valuation since the November announcement is about the value of Tesla in mid-July and exceeds the market value of 483 S&P 500 companies, or about 97% of the companies in the index.
Shares have risen 731% so far this year, compared to S&P’s earnings of around 15%.