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Alaska Air (ALK) Stock Up, Joining S&P 500

NEW YORK (TheStreet) -- Shares of Alaska Air Group (ALK - Get Report) are up 0.25% to $69.50 in pre-market trading on Wednesday after S&P Dow Jones Indices announced the airline carrier's stock will be added to the S&P 500 tomorrow.

Seattle-based Alaska Air will replace SanDisk (SNDK), a data storage maker that is being acquired by competitor Western Digital (WDC) in a transaction expected to close on Thursday.

Alaska Air, which is being removed from the S&P MidCap 400 index, will also be added to the S&P 500 Global Industry Classification Standard Airlines Sub-Industry index.

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