Constellation Energy Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

NEW YORK, Jan. 26, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600:

  • Constellation Energy Corp. (NASD:CEG) will replace The Gap Inc. (NYSE:GPS) in the S&P 500, The Gap will replace Jack in the Box Inc. (NASD:JACK) in the S&P MidCap 400, and Jack in the Box will replace Spectrum Pharmaceuticals Inc.(NASD:SPPI) in the S&P SmallCap 600 prior to the opening of trading on Thursday, February 3. S&P 500 and 100 constituent Exelon Corp. (NASD: EXC) is spinning off Constellation Energy in a transaction expected to be completed on February 2. Post spin-off, Exelon will remain in the S&P 500 and 100. The Gap is more representative of the mid-cap market space, and Jack in the Box is more representative of the small-cap market space. Spectrum Pharmaceuticals is no longer representative of the small-cap market space.
  • S&P SmallCap 600 constituent Watts Water Technologies Inc. (NYSE:WTS) will replace Sterling Bancorp/DE (NYSE:STL) in the S&P MidCap 400, and Hostess Brands Inc. (NASD:TWNK) will replace Watts in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 1. Webster Financial Corp (NYSE: WBS) is acquiring Sterling Bancorp in a transaction expected to be completed soon pending final closing conditions.
  • Euronet Worldwide Inc. (NASD:EEFT) will replace Compass Minerals International Inc. (NYSE:CMP) in the S&P MidCap 400, and Compass Minerals International will replace Great Western Bancorp Inc. (NYSE:GWB) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 1. First Interstate BancSystem Inc. (NASD: FIBK) is acquiring Great Western Bancorp in a transaction expected to be completed soon pending final closing conditions. Compass Minerals is no longer representative of the mid-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

February 1, 2022

S&P MidCap 400

Addition

Euronet Worldwide

EEFT

Information Technology

February 1, 2022

S&P MidCap 400

Addition

Watts Water Technologies

WTS

Industrials

February 1, 2022

S&P MidCap 400

Deletion

Compass Minerals

CMP

Materials

February 1, 2022

S&P MidCap 400

Deletion

Sterling Bancorp

STL

Financials

February 1, 2022

S&P SmallCap 600

Addition

Compass Minerals

CMP

Materials

February 1, 2022

S&P SmallCap 600

Addition

Hostess Brands

TWNK

Consumer Staples

February 1, 2022

S&P SmallCap 600

Deletion

Great Western Bancorp

GWB

Financials

February 1, 2022

S&P SmallCap 600

Deletion

Watts Water Technologies

WTS

Industrials

February 2, 2022

S&P 500

Addition

Constellation Energy

CEG

Utilities

February 3, 2022

S&P 500

Deletion

Gap

GPS

Consumer Discretionary

February 3, 2022

S&P MidCap 400

Addition

Gap

GPS

Consumer Discretionary

February 3, 2022

S&P MidCap 400

Deletion

Jack in the Box

JACK

Consumer Discretionary

February 3, 2022

S&P SmallCap 600

Addition

Jack in the Box

JACK

Consumer Discretionary

February 3, 2022

S&P SmallCap 600

Deletion

Spectrum Pharmaceuticals

SPPI

Health Care

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