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Booted From a Top Index: Is This Growth Stock Doomed?

Booted From a Top Index: Is This Growth Stock Doomed?

Institutional investors, for instance, often have requirements as to the type of stocks they can hold, and if a stock doesn't meet those, they can't buy it. In Canada, the S&P/TSX Composite is comparable to the S&P 500 as it holds the Toronto Stock Exchange's top stocks and is a gauge of how the Canadian market is doing. Although a reason wasn't given for the deletion of Aurora from the S&P/TSX Composite, market capitalization is a key eligibility factor and seems to be the most likely reason for the change.