Global Payments Inc (GPN) has surpassed General Mills Inc (GIS) in market capitalization, taking the #396 spot in the S&P 500 as of the latest reporting. GPN now has a market cap of $18.56 billion, while GIS sits at $17.17 billion.
Market capitalization is crucial for investors, as it provides insight into a company’s value relative to its peers. Changes in market cap can influence investment strategies, particularly for mutual funds and ETFs that focus on specific size tiers in the market.
At the market close on Thursday, both GPN and GIS were trading flat.
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