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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