By Kathryn Hardison

Shares of Otter Tail Corp. increased 7.6% to $67.49 in after-hours trading on Thursday after the S&P Dow Jones Indices said the stock would join the S&P SmallCap 600 next week.

Otter Tail will replace UFP Industries Inc. on the index. UFP Industries is moving to the S&P MidCap 400, where it will replace LHC Group, which is being acquired by UnitedHealth Group Inc., S&P Dow Jones Indices said.

The changes are effective prior to the opening of trading on Feb. 23.

Write to Kathryn Hardison at kathryn.hardison@wsj.com

(END) Dow Jones Newswires

February 16, 2023 18:16 ET (23:16 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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