Business
Why Nuix, Hub24 shares are on watch – The Motley Fool Australia
A couple of software giants march into the index, forcing passive funds to buy into their shares. How will the prices go?
Just 3 months after listing, Nuix Ltd (ASX: NXL) will enter the S&P/ASX 200 Index (ASX: XJO).
After an initial public offering at $5.31 per share, the data analytics provider floated in early December and immediately became a market darling.
It rose as high as $11.86 in January. But it’s since sunk to $5.51 after investors savaged its half-yearly result.
But now that Nuix will join the elite 200 from 22 March, all eyes will be on the share price again. This is because index funds that follow the…
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