TechnipFMC surges premarket on S&P MidCap 400 index inclusion
TechnipFMC rose 5% premarket after being added to the S&P MidCap 400, replacing Skechers, which is set to be acquired by 3G Capital. Index inclusion could attract new fund inflows. The firm also won Petrobras subsea contracts worth up to $500 million. Shares have gained 28% YTD, closing on Tuesday at $37.55.