Interactive Brokers Group Set to Join S&P MidCap 400; Alarm.com Holdings and Corcept Therapeutics to Join S&P SmallCap 600

NEW YORK, Dec. 20, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:

  • S&P SmallCap 600 constituent Interactive Brokers Group Inc. (NASD:IBKR) will replace HSN Inc.(NASD:HSNI) in the S&P MidCap 400, and Alarm.com Holdings Inc. (NASD:ALRM) will replace Interactive Brokers Group in the S&P SmallCap 600 effective prior to the open of trading on Tuesday, January 2, 2018. Liberty Interactive Corp. (NASD: QVCA, QVCB, LVNTA, LVNTB) is acquiring HSN in a deal expected to be completed on or about December 29.
  • Corcept Therapeutics Inc. (NASD:CORT) will replace Gigamon Inc. (NYSE:GIMO) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, December 27. Elliott Associates L.P. is acquiring Gigamon in a deal expected to be completed on or about that date pending final approvals.

Interactive Brokers Group operates as an automated electronic broker and market maker.  Headquartered in Greenwich, CT, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Investment Banking & Brokerage Sub-Industry index.

Alarm.com Holdings provides cloud-based software platform solutions for the smart homes and businesses. Headquartered in Tysons, VA, the company will be added to the S&P SmallCap 600 GICS Internet Software & Services Sub-Industry index.

Corcept Therapeutics discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and psychiatric disorders.  Headquartered in Menlo Park, CA, the company will be added to the S&P SmallCap 600 GICS Pharmaceuticals Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – DECEMBER 27, 2017


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Corcept Therapeutics

Health Care

Pharmaceuticals

DELETED

Gigamon

Information Technology

Systems Software

 

S&P MIDCAP 400 INDEX – JANUARY 2, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Interactive Brokers Group

Financials

Investment Banking & Brokerage

DELETED

HSN

Consumer Discretionary

Internet & Direct Marketing Retail

 

S&P SMALLCAP 600 INDEX – JANUARY 2, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Alarm.com Holdings

Information Technology

Internet Software & Services

DELETED

Interactive Brokers Group

Financials

Investment Banking & Brokerage

 

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