Dell Technologies Inc. (DELL  ) shares rose Monday after S&P Dow Jones Indices announced on Friday that Dell will be added to the S&P 500 Index (SPY  ).

The Details:

Dell will replace Etsy, Inc. (ETSY  ) when it is added to the S&P 500 Index before the start of regular trading on Sept. 23. Palantir Technologies, Inc. (PLTR  ) and Erie Indemnity Company (ERIE  ) will also be added to the S&P 500.

Index inclusion is typically positive for stocks due to increased trading volume and liquidity resulting from purchases by index funds, ETFs and other funds mirroring the index.

Is DELL A Good Stock To Buy?

Wall Street analysts view Dell Technologies on the whole as a Outperform, given the history of coverage over the past three months. Wamsi Mohan from B of A Securities in Dell Technologies is the most bearish, expecting a 16.67% fall in the stock in the coming year.

But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past 3 months, Dell Technologies fell 19.33%, which indicates that opinion soured on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which rose 9.12% over the past year.

DELL Price Action: According to Benzinga Pro, Dell Technologies shares are up 4.41% at $106.50 at the time of publication Monday.