Datadog Stock Gains 15% As The Co. Is Set To Join S&P 500

India, July 3 -- Shares of Datadog, Inc. (DDOG) gained nearly 15% on Thursday morning driven by the news that the company is set to join S&P 500.

DDOG is currently trading at $155.15, up $20.14 or 14.92%, on a large volume of 19.1 million shares, above average volume of 5 million shares, on the Nasdaq. The stock opened its trading at $147.56 after closing Wednesday at $135.01. The stock has traded between $81.63 and $170.08 in the past 52-week period.

Datadog will replace Juniper Networks Inc. (JNPR) in the S&P 500 effective prior to the opening of trading on Wednesday, July 9. S&P 500 constituent Hewlett Packard Enterprise Co. (HPE) acquired Juniper Networks on July 2.

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