Press Releases
NEW YORK, Aug. 25, 2020 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Tuesday, September 1:
- S&P SmallCap 600 constituent Lithia Motors Inc. (NYSE:LAD) will replace LogMeIn Inc. (NASD:LOGM) in the S&P MidCap 400, and BankUnited Inc. (NYSE:BKU) will replace Lithia Motors in the S&P SmallCap 600. Francisco Partners and Elliott Management Corp. are acquiring LogMeIn in a deal expected to be completed soon pending final conditions.
- Trupanion Inc. (NASD:TRUP) will replace Ring Energy Inc. (NYSE American:REI) in the S&P SmallCap 600. Ring Energy is no longer 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 |
September 1, 2020 | S&P MidCap 400 | Addition | Lithia Motors | LAD | Consumer Discretionary |
September 1, 2020 | S&P MidCap 400 | Deletion | LogMeIn | LOGM | Information Technology |
September 1, 2020 | S&P SmallCap 600 | Addition | BankUnited | BKU | Financials |
September 1, 2020 | S&P SmallCap 600 | Deletion | Lithia Motors | LAD | Consumer Discretionary |
September 1, 2020 | S&P SmallCap 600 | Addition | Trupanion | TRUP | Financials |
September 1, 2020 | S&P SmallCap 600 | Deletion | Ring Energy | REI | Energy |
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