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Dolby Labs jumps as S&P prepares to add it to its MidCap 400 index

Investing.com -- Dolby Laboratories (NYSE:DLB) surged in Friday trading after S&P Dow Jones Indices said it was adding the stock to its MidCap 400 index.

Dolby shares rose 10% as of midday. They are up 20% so far this year.

The audio technology company is replacing STAAR Surgical Company (NASDAQ:STAA), S&P said. Staar's stock was up 3.8%.

At the same time, Staar Surgical will replace Urstadt Biddle Properties (NYSE:UBA) in the S&P SmallCap 600 index, all effective prior to the opening of trading on Aug. 22.

S&P said Regency Centers (NASDAQ:REG) will acquire Urstadt Biddle Properties in a transaction expected to close soon. "Staar Surgical is more representative of the small-cap market space," the index company said.  

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.