Overview
- UiPath will be added to the S&P MidCap 400 before the Jan. 2, 2026 market open, taking Synovus Financial’s spot.
- Synovus is exiting the index because it is being acquired by Pinnacle Financial Partners, according to S&P Dow Jones Indices.
- Shares of UiPath jumped after the announcement, rising about 3.6% after hours Tuesday and trading up roughly 8.3% to $17.29 on Wednesday.
- Inclusion can increase exposure and prompt purchases by funds that track the index, though it does not ensure continued outperformance.
- Recent context shows improved investor sentiment with a roughly $8.93 billion market cap, about 22x forward earnings, a near 30% year-to-date gain, and mixed technical readings including a neutral RSI and a MACD below its signal.