Freshworks is trading at $13.95, up 5.52% in pre-market on October 6, after S&P Dow Jones Indices announced its addition to the S&P SmallCap 600 effective before the October 8 open.
- The announcement came after the October 5 close, and coverage linked it to an after-hours rally that continued into pre-market.
- Index-tracking funds may buy shares ahead of the change. Broader markets were also modestly higher, but company news was the clearest explanation for the move.