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Academy Sports & Outdoors Inc. shares jumped nearly 10% on Monday after it was announced the retailer would join the S&P Small Cap 600 Index , effective prior to the opening of Wednesday trading. Academy Sports replaces Kraton Corp. , which is being acquired by DL Chemical Co., Ltd. Academy recently announced its expansion into new markets, including Virginia. Academy stock has run up 35.4% over the last year. The S&P Small Cap 600 is down 8.7%. And the S&P 500 index is up 6.6% for the period.
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