Nasdaq-100's Annual Reconstitution: Expedia and Citrix Out, Peloton and Marvell Technology In

Nasdaq Inc (NASDAQ: NDAQ) has announced the annual reconstitution of its Nasdaq-100 Index.

The changes will come into effect on Dec. 21, prior to the market's open. The Nasdaq-100 Index lists the 100 largest non-financial companies on the Nasdaq and is the basis of the Invesco QQQ Trust (Nasdaq: QQQ).

In: The companies being added are:

• American Electric Power Company, Inc. (Nasdaq: AEP)
• Marvell Technology Group Ltd. (Nasdaq: MRVL)
• Match Group, Inc. (Nasdaq: MTCH)
• Okta, Inc. (Nasdaq: OKTA)
• Peloton Interactive, Inc. (Nasdaq: PTON)
• Atlassian Corporation Plc (Nasdaq: TEAM)

The identity and access management company Okta has grown by 118.73% year to date, while the software development company Atlassian Corporation grew by 92.80%. 

Fitness company Peloton, which gained significant attention this year due to increased home training amid lockdowns, has shown 38% growth.

Out: The companies being removed are:

• BioMarin Pharmaceutical Inc. (Nasdaq: BMRN)
• Citrix Systems, Inc. (Nasdaq: CTXS)
• Expedia Group, Inc. (Nasdaq: EXPE)
• Liberty Global plc (Nasdaq: LBTYA) (Nasdaq: LBTYK)
• Take-Two Interactive Software, Inc. (Nasdaq: TTWO)
• Ulta Beauty, Inc. (Nasdaq: ULTA)

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