UiPath shares rise ahead of S&P 400 index inclusion

UiPath shares rose over 2.5% in premarket trading ahead of its addition to the S&P 400 index, where it will replace Synovus Financial Corp. Retail investors expect further gains as index inclusion often boosts visibility and demand. CEO Daniel Dines recently sold about $1.5 million worth of stock but still owns around 28.5 million shares.