On September 3, S&P Global rose 3.54% in regular trading, trading at approximately $444.72 per share, with turnover of $68.15 million. The rally was driven by reports that the company is considering spinning out its flagship data and research platform, Capital IQ Pro.

According to reports citing people familiar with the matter, S&P Global is in the early stages of evaluating options for Capital IQ Pro, with the unit potentially fetching a valuation in the high single-digit billions of dollars in a spinoff scenario. The move could create a significant standalone entity in the financial data space.

The news comes alongside a series of strategic portfolio actions. The company recently completed its acquisition of datacenterHawk, a provider of intelligence for global data center and fiber optic infrastructure markets, now integrated into S&P Global Energy. It also completed the sale of its geoscience and petroleum engineering software portfolio to SLB, while confirming the rollout of Titan, an AI-powered upstream data platform. Multiple analysts maintain Buy ratings on the stock, with an average price target of approximately $519.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)