Why Emergent BioSolutions Stock Is Tumbling Today
Shares of Emergent BioSolutions (NYSE: EBS) were tumbling 10.6% lower as of 11:29 a.m. ET on Tuesday. The decline came after S&P Global's S&P Dow Jones Indices announced that Advance Auto Parts will replace Emergent BioSolutions in the S&P SmallCap 600 index. S&P Dow Jones Indices said that the change will be effective before the market opens on Friday, Aug. 25.