Press Releases
NEW YORK, June 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices:
- S&P SmallCap 600 constituent Omnicell Inc (NASD: OMCL) will replace Coherent Inc. (NASD: COHR) in the S&P MidCap 400, and Stride Inc (NYSE: LRN) will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent II-VI Inc. (NASD: IIVI) is acquiring Coherent in a deal expected to be completed on July 1, pending final closing conditions.
- S&P SmallCap 600 constituent Southwestern Energy Co. (NYSE:SWN) will replace CDK Global Inc. (NASD:CDK) in the S&P MidCap 400, and Frontdoor Inc. (NASD:FTDR) will replace Southwestern Energy in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, July 6. Brookfield Business Partners LP (TSX: BBU.UN) is acquiring CDK Global in a tender offer expected to be completed on July 5.
- Ormat Technologies Inc. (NYSE:ORA) will replace CMC Materials Inc. (NASD:CCMP) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, July 7. Entegris Inc. (NASD: ENTG) is acquiring CMC Materials in a transaction expected to be completed on July 6.
- Enhabit Inc. (NYSE:EHAB) will replace Loyalty Ventures Inc. (NASD:LYLT) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent Encompass Health Corp. (NYSE: EHC) is spinning off Enhabit in a transaction expected to be completed prior to the open on Friday, July 1, pending final conditions. Loyalty Ventures is no longer representative of the small-cap market space.
- Sun Country Airlines Holdings Inc. (NASD:SNCY) will replace Neenah Inc. (NYSE:NP) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. Schweitzer-Mauduit International Inc. (NYSE: SWM) is acquiring Neenah in a transaction expected to be completed on July 1.
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 |
July 5, 2022 | S&P MidCap 400 | Addition | Omnicell | OMCL | Health Care |
S&P MidCap 400 | Deletion | Coherent | COHR | Information Technology | |
S&P SmallCap 600 | Addition | Stride | LRN | Consumer Discretionary | |
S&P SmallCap 600 | Addition | Enhabit | EHAB | Health Care | |
S&P SmallCap 600 | Addition | Sun Country Airlines | SNCY | Industrials | |
S&P SmallCap 600 | Deletion | Omnicell | OMCL | Health Care | |
S&P SmallCap 600 | Deletion | Loyalty Ventures | LYLT | Communication Services | |
S&P SmallCap 600 | Deletion | Neenah | NP | Materials | |
July 6, 2022 | S&P MidCap 400 | Addition | Southwestern Energy | SWN | Energy |
S&P MidCap 400 | Deletion | CDK Global | CDK | Information Technology | |
S&P SmallCap 600 | Addition | Frontdoor | FTDR | Consumer Discretionary | |
S&P SmallCap 600 | Deletion | Southwestern Energy | SWN | Energy | |
July 7, 2022 | S&P MidCap 400 | Addition | Ormat Technologies | ORA | Utilities |
S&P MidCap 400 | Deletion | CMC Materials | CCMP | Information Technology |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
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