Press Releases
NEW YORK, Aug. 11, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 and S&P MidCap 400 effective prior to the opening of trading on Monday, August 17:
FB Financial Corp. (NYSE:FBK) will replace Franklin Financial Network Inc. (NYSE:FSB) in the S&P SmallCap 600. FB Financial (NYSE: FBK) is acquiring Franklin Financial Network in a deal expected to be completed soon pending final conditions.
Builders FirstSource Inc. (NASD:BLDR) will replace CoreCivic Inc. (NYSE:CXW) in the S&P MidCap 400, and CoreCivic will replace Valaris plc (NYSE:VAL) in the S&P SmallCap 600. Valaris is no longer representative of the small-cap market space. CoreCivic is more representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
August 17, 2020 | S&P SmallCap 600 | Addition | FB Financial | FBK | Financials |
August 17, 2020 | S&P SmallCap 600 | Deletion | Franklin Financial Network | FSB | Financials |
August 17, 2020 | S&P MidCap 400 | Addition | Builders FirstSource | BLDR | Industrials |
August 17, 2020 | S&P MidCap 400 | Deletion | CoreCivic | CXW | Real Estate |
August 17, 2020 | S&P SmallCap 600 | Addition | CoreCivic | CXW | Real Estate |
August 17, 2020 | S&P SmallCap 600 | Deletion | Valaris | VAL | Energy |
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