Stock Watch: Sapient Gains After Joining S&P 500

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Stock Watch: Sapient Gains After Joining S&P 500

By Nora Macaluso
E-Commerce Times
05/05/00 12:00 AM PT

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Sapient Corp. (Nasdaq: SAPE) rose 22 13/16 to close at 102 3/16 Thursday after Standard & Poor's added the stock to the S&P 500 Index, replacing Reynolds Metals Corp.

Reynolds shares no longer trade, as Alcoa, Inc.'s acquisition of the metals company closed Thursday.

The Cambridge, Massachusetts-based Sapient, an Internet consulting firm, will be added to the S&P 500 Services (Computer Systems) industry group. Stocks added to the widely tracked index often gain from the increased visibility.

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