Norwegian Cruise Line's stock rallies as it will join the S&P 500
Shares of Norwegian Cruise Line Holdings Ltd. (NCLH) rallied 2.4% in premarket trade Thursday, after S&P Dow Jones Indices said it was adding the cruise ship operator to the S&P 500 index , effective Friday. Norwegian is replacing Level 3 Communications Inc. (LVLT), which is being acquired by CenturyLink Inc. (CTL) in a deal expected to be completed Friday. Norwegian's market cap through Wednesday's close as $12.77 billion, compared with Level 3's market cap of $20.01 billion. Norwegian's stock has soared 32% year to date, while Level 3 shares have lost 2.1% and the S&P 500 has gained 13%. Elsewhere, Pacific Premier Bancorp Inc. (PPBI) will replace Parkway Inc. (PKY) in the S&P SmallCap 600 , as Parkway is being acquired by Canada Pension Investment Board.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
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