By George Glover
UiPath stock was rallying ahead of the open Wednesday, with the automation software company set to join the S&P MidCap 400 index at the start of 2026.
Shares jumped 8.2% to $17.26 ahead of the opening bell. Futures tracking the benchmark S&P 500 index were 0.1% lower.
UiPath will join the S&P MidCap 400 index before trading starts on Jan. 2, S&P Dow Jones Indices said after Tuesday's close. UiPath is replacing Synovus Financial, which is being acquired by Pinnacle Financial Partners in a deal that is expected to complete soon.
Investors have become more confident this year that UiPath will emerge as one of the winners from the artificial-intelligence boom. Shares are up 26% in 2025, and have surged 17% over the past month alone thanks to strong third-quarter earnings and revenue that eased previous concerns about government spending cuts and AI competition.
S&P Dow Jones Indices also said on Tuesday that CNBC and Golf Channel owner Versant Media will join the S&P SmallCap 600 before trading starts on Jan. 6, the day after Versant is expected to complete its spinoff from Comcast.
Inclusion in an index tends to boost a stock, because exchange-traded and mutual funds that track said index are required by their charters to buy shares.
Write to George Glover at george.glover@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
December 24, 2025 06:31 ET (11:31 GMT)
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