BUZZ-Loar stock soars and is expected to be included in the S&P SmallCap Index

November 2 - ** Aerospace component supplier Loar Holdings (LOAR.N) rose 9.4% to $67.96 on Monday, hitting an 8-week high, as the company is about to be included in the S&P SmallCap 600 Index .SPCY

** LOAR shares are set for their biggest one-day percentage gain since April 9, 2025

** S&P Dow Jones Indices (link) announced late last Friday that LOAR will replace LiveRamp Holdings RAMP.N in the SPCY index before the market opens on Wednesday, November 4

** Data collaboration platform RAMP is being acquired by French advertising group Publicis Groupe PUBP.PA for about $2 billion (link), with the deal expected to close soon

** Stephens analyst Melissa Roberts noted in a report that passive funds will need to buy approximately 4.9 million shares of LOAR, representing seven days of buying demand

** As of Friday, LOAR, headquartered in White Plains, New York, had about 93.7 million shares outstanding and a market capitalization of about $5.8 billion

** Despite the share price surge, LOAR stock is roughly flat for the year to date

** According to LSEG data, out of six analysts, four rate the stock as "strong buy" or "buy," and two rate it as "hold"; the median target price is $86

** The company plans to release third-quarter earnings before market open on Thursday, November 5 (link)

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