- Published at
- by wallstreetpit.com
mixed
mixed
Datadog Rallies 10% on S&P 500 Inclusion
Datadog Inc. (DDOG) shares surged 10% to $147.70 after its inclusion in the S&P 500 Index (SPX), replacing Juniper Networks Inc. (JNPR), which was acquired by Hewlett Packard Enterprise Co. (HPE). The stock’s rally is driven by demand from index-tracking funds, though its high valuation (P/E 267.48) raises concerns amid…