Why These 10 Stocks Soared Today

4. Okta Inc. (NASDAQ:OKTA)

Okta Inc. extended its winning streak for a sixth straight day on Tuesday, adding 7.4 percent to end at $112.54 apiece as investors cheered news that the company will be included in the S&P MidCap 400 before trading starts on Thursday, May 1.

The company replaced Berry Global Group, a plastic packaging manufacturing company that is set to be acquired by Amcor by the middle of the year. The merger will effectively remove Berry from the index.

While its inclusion in the index does not have any impact on the company’s key financial and operating results, Okta Inc.’s (NASDAQ:OKTA) addition means greater visibility for the company.

In recent news, the company announced the new Okta Platform, which aims to bring a unified, end-to-end identity security fabric to organizations for managing and securing all types of identities across their ecosystem, from AI agents to API keys to employees.