Netflix will join the Nasdaq 100 index next month.

The Los Gatos, Calif., company will replace Perrigo Co., a maker of over-the-counter drugs. Perrigo announced last week that it is transferring its stock listing to the New York Stock Exchange from the Nasdaq.

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Netflix said that in addition to the Nasdaq 100, it will join the Nasdaq 100 Equal Weighted Index and the Nasdaq 100 Ex-Technology Sector Index before the market opens Thursday.

Shares of Netflix Inc. stock added 34 cents to $223 in premarket trading on Friday. Its shares have more than doubled in value so far this year and a move to the Nasdaq 100 probably won't hurt, either, with some investment funds requiring a percentage of capital be placed there.