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NEW YORK, Nov. 4, 2021 /PRNewswire/ -- Loyalty Ventures Inc. (NASD: LYLT) will replace Applied Optoelectronics Inc. (NASD: AAOI) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 9. S&P MidCap 400 constituent Alliance Data Systems Corp. (NYSE: ADS) is spinning off Loyalty Ventures in a transaction expected to be completed on November 8. Applied Optoelectronics 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 |
Nov 9, 2021 | S&P SmallCap 600 | Addition | Loyalty Ventures | LYLT | Communication Services |
S&P SmallCap 600 | Deletion | Applied Optoelectronics | AAOI | Information Technology |
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