Press Releases
NEW YORK, June 6, 2018 /PRNewswire/ -- S&P SmallCap 600 constituent Ollie's Bargain Outlet Holdings Inc. (NASD: OLLI) will replace Orbital ATK Inc. (NYSE: OA) in the S&P MidCap 400, and Berkshire Hills Bancorp Inc. (NYSE: BHLB) will replace Ollie's Bargain Outlet Holdings in the S&P SmallCap 600 effective prior to the open of trading on Monday, June 11. S&P 500 constituent Northrop Grumman Corp. (NYSE: NOC) is acquiring Orbital ATK in a deal expected to be completed today.
Ollie's Bargain Outlet Holdings operates as a retailer of brand name merchandise. Headquartered in Harrisburg, PA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) General Merchandise Stores Sub-Industry index.
Berkshire Hills Bancorp provides various banking products and services. Headquartered in Boston, MA, the company will be added to the S&P SmallCap 600 GICS Regional Banks Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400 INDEX – JUNE 11, 2018 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Ollie's Bargain |
Consumer Discretionary |
General Merchandise Stores |
|
DELETED |
Orbital ATK |
Industrials |
Aerospace & Defense |
|
S&P SMALLCAP 600 INDEX – JUNE 11, 2018 | |||
|
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY | |
|
ADDED |
Berkshire Hills |
Financials |
Regional Banks |
|
DELETED |
Ollie's Bargain |
Consumer Discretionary |
General Merchandise Stores |
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