First Advantage Gains 3.7% on S&P Inclusion

Index Inclusion Announcement

First Advantage Corporation (NASDAQ:FA) saw its shares increase by 3.7% in after‑hours trading on Thursday following the announcement by S&P Dow Jones Indices that the company will be added to the S&P SmallCap 600 index. The addition will become effective prior to the opening of trading on Tuesday, 16 June 2026, at which point First Advantage will replace Kennedy‑Wilson Holdings Inc. (NYSE:KW) in the index.

S&P Dow Jones Indices disclosed the index changes on Thursday, noting that First Advantage is classified under the Industrials sector, while Kennedy‑Wilson Holdings, classified under the Real Estate sector, will be removed. The removal coincides with an ongoing acquisition of Kennedy‑Wilson Holdings by a consortium led by its chief executive officer together with Fairfax Financial Holdings Limited (TSE:FFH). The transaction is expected to close soon, subject to the satisfaction of final closing conditions.

The inclusion of a stock in the S&P SmallCap 600 typically generates additional buying pressure because funds that track the index must acquire the shares to maintain their portfolio allocations, which can support further price appreciation.