AVID is up 10% today. Here's what's going on:

Shares of Avid Tech Inc (AVID) are trading 10% higher at a price of $26.62 at the time of this writing. While it's generally been a cheerful day for this part of the market, the company is rapidly outrunning it's peers in the Information Technology sector.

-Avid Technology Inc. will replace Plantronics Inc. in the S&P SmallCap 600 index

Avid Tech Inc has been trading between a 52-week high of $37.31 and a 52-week low of $20.83. The stock has a market cap of $1.19 Billion.

Avid delivers the most open and efficient media platform, connecting content creation with collaboration, asset protection, distribution, and consumption. Avid's preeminent customer community uses Avid's comprehensive tools and workflow solutions to create, distribute and monetize the most watched, loved and listened to media in the world-from prestigious and award-winning feature films to popular television shows, news programs and televised sporting events, and celebrated music recordings and live concerts. With the most flexible deployment and pricing options, Avid's industry-leading solutions include Media Composer®, Pro Tools®, Avid NEXIS®, MediaCentral®, iNEWS®, AirSpeed®, Sibelius®, Avid VENUE ™, FastServe®, and Maestro ™.