Press Releases
NEW YORK, July 6, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices prior to the opening on Wednesday, July 12:
- S&P SmallCap 600 constituent Knight Transportation Inc. (NYSE:KNX) will replace Kate Spade & Co. (NYSE:KATE) in the S&P MidCap 400, and SolarEdge Technologies Inc. (NASD:SEDG) will replace Knight Transportation in the S&P SmallCap 600. S&P 500 constituent Coach Inc. (NYSE:COH) is acquiring Kate Spade in a deal expected to be completed soon pending final closing conditions.
- Core Laboratories N.V. (NYSE:CLB) will replace Panera Bread Co. (NASD:PNRA) in the S&P MidCap 400. JAB Holdings B.V. is acquiring Panera Bread in a deal expected to be completed soon pending final closing conditions.
Knight Transportation operates as a short-to-medium haul truckload carrier. Headquartered in Phoenix, AZ, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Trucking Sub-Industry index.
SolarEdge Technologies designs, develops, and sells direct current (DC) optimized inverter systems. Headquartered in Herziliya Pituach, Israel, the company will be added to the S&P SmallCap 600 GICS Semiconductor Equipment Sub-Industry index.
Core Laboratories provides reservoir description, production enhancement, and reservoir management services. Headquartered in Amsterdam, The Netherlands, the company will be added to the S&P MidCap 400 GICS Oil & Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – July 12, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Knight Transportation |
Industrials |
Trucking |
|
Core Laboratories |
Energy |
Oil & Gas Equipment & Services | |
|
DELETED |
Kate Spade |
Consumer Discretionary |
Apparel, Accessories & Luxury Goods |
|
Panera Bread |
Consumer Discretionary |
Restaurants | |
|
S&P SMALLCAP 600 INDEX – July 12, 2017 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
SolarEdge Technologies |
Information Technology |
Semiconductor Equipment |
|
DELETED |
Knight Transportation |
Industrials |
Trucking |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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FOR MORE INFORMATION:
Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spglobal.com
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
SOURCE S&P Dow Jones Indices