Rainbow Technologies Joins SmallCap Index
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Bloomberg News
Rainbow Technologies Inc.’s stock rose $2.81, or 12%, to $25.69 Tuesday after Standard & Poor’s announced that the Irvine maker of software-protection devices will replace Chiquita Brands International Inc. in the S&P; SmallCap 600 Index. Chiquita’s shares fell 44 cents, or 23%, to $1.50.
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