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Why Shares of Targa Resources Are Trading Higher Today

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Why Shares of Targa Resources Are Trading Higher Today
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Shares of Targa Resources (NYSE: TRGP) traded more than 11% higher as of 2:05 p.m. EDT after it was announced that the energy company will soon join the S&P MidCap 400 Index. The S&P MidCap 400 Index is composed of a wide range of publicly traded U.S. mid-cap stocks with a market capitalization ranging from $3.2 billion to $9.8 billion. It replaces the property data company CoreLogic in the index.

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