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S & P adds Questcor Pharmaceuticals to SmallCap 600

Wed, 02/09/2011 - 5:07pm
The Associated Press

Standard & Poor's said Wednesday that it will add Questcor Pharmaceuticals Inc. to its S&P SmallCap 600 index to replace Sonic Solutions, which is being acquired by Rovi Corp.

The date for the index shift will be announced at a later time, S&P said.

Rovi makes copy protection for things such as movie DVDs, and is a member of the S&P MidCap 400. Sonic makes DVD-burning software. Questcor makes drugs for nervous system and inflammatory disorders.

Questcor shares rose 38 cents to $14.56 in aftermarket trading after the announcement, after falling 25 cents to close the regular session at $14.18. Stock added to major indices typically rise on the news because portfolio managers who track the index then need to buy the shares.

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