Company News: Page (1) of 1 - 05/25/18

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

 

May 25, 2018 -- !-- AddToAny BEGIN -->

NEW YORK, May 25, 2018 /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:

  • S&P MidCap 400 constituent ABIOMED Inc. (NASD: ABMD) will replace Wyndham Worldwide Corp. (NYSE: WYN) in the S&P 500, Wyndham Worldwide will replace Microsemi Corp. (NASD: MSCC) in the S&P MidCap 400, and PRA Health Sciences Inc. (NASD: PRAH) will replace ABIOMED in the S&P MidCap 400 effective prior to the open of trading on Thursday, May 31. S&P 500 constituent Microchip Technology Inc. (NASD: MCHP) is acquiring Microsemi in a deal expected to be completed soon pending final conditions. Wyndham Worldwide is being moved to the S&P MidCap 400 in anticipation of its upcoming spin-off transaction which will result in post spin-off market capitalizations that are more representative of the mid-cap market space.
  • Wyndham Hotels & Resorts Inc. (NYSE: WH) will be added to the S&P MidCap 400 effective prior to the open of trading on Friday, June 1, replacing GameStop Inc. (NYSE: GME), which will be removed from the S&P MidCap 400 effective prior to the open of trading on Monday, June 4, and GameStop will replace Fred's Inc. (NASD: FRED) in the S&P SmallCap 600 also effective prior to the open of trading on June 4. New S&P MidCap 400 constituent Wyndham Worldwide, which is changing its name to Wyndham Destinations Inc. and its ticker symbol to WYND, is spinning off Wyndham Hotels & Resorts in a transaction expected to be effective on June 1. Post spin-off, Wyndham Destinations will remain in the S&P MidCap 400. GameStop has a market capitalization more representative of the small-cap market space. Fred's is ranked near the bottom of the S&P SmallCap 600.
  • Perspecta Inc. (NYSE: PRSP) will replace Office Depot Inc. (NASD: ODP) in the S&P MidCap 400, and Office Depot will replace Roadrunner Transportation Systems Inc. (NYSE: RRTS) in the S&P SmallCap 600 effective prior to the open of trading on Monday, June 4. S&P 500 constituent DXC Technology Co. (NYSE: DXC) is spinning off Perspecta in a transaction expected to be effective on June 1. Post spin-off, DXC Technology will remain in the S&P 500. Office Depot has a market capitalization more representative of the small-cap market space. Roadrunner Transportation Systems is ranked near the bottom of the S&P SmallCap 600.

ABIOMED engages in the research, development, and sale of medical devices. Headquartered in Danvers, MA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Health Care Equipment Sub-Industry index.

Wyndham Worldwide provides hospitality services and products to individual and business customers Headquartered in Parsippany, NJ, the company will be added to the S&P MidCap 400 GICS Hotels, Resorts & Cruise Lines Sub-Industry index.



PRA Health Sciences, a contract research organization, provides outsourced clinical development services to the biotechnology and pharmaceutical industries. Headquartered in Raleigh, NC, the company will be added to the S&P MidCap 400 GICS Life Sciences Tools & Services Sub-Industry index.

Wyndham Hotels & Resorts operates as a hotel franchisor. Headquartered in Parsippany, NJ, the company will be added to the S&P MidCap 400 GICS Hotels, Resorts & Cruise Lines Sub-Industry index.

GameStop operates as a multichannel video game, consumer electronics, and wireless services retailer. Headquartered in Grapevine, TX, the company will be added to the S&P SmallCap 600 GICS Computer & Electronics Retail Sub-Industry index.

Perspecta provides information technology services to government customers. Headquartered in Herndon, VA, the company will be added to the S&P MidCap 400 GICS IT Consulting & Other Services Sub-Industry index.

Office Depot is an omni-channel provider of business services and supplies, products and technology solutions. Headquartered in Boca Raton, Florida, the company will be added to the S&P SmallCap 600 GICS Specialty Stores Sub-Industry index.

Following is a summary of the changes:

S&P 500 INDEX MAY 31, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

ABIOMED

Health Care

Health Care Equipment

DELETED

Wyndham

Worldwide

Consumer Discretionary

Hotels, Resorts & Cruise
Lines



S&P MIDCAP 400 INDEX MAY 31, 2018


COMPANY

GICS ECONOMIC
SECTOR

GICS SUB-INDUSTRY

ADDED

Wyndham
Worldwide

Consumer Discretionary

Hotels, Resorts & Cruise Lines


PRA Health
Sciences

Health Care

Life Sciences Tools & Services

DELETED

Microsemi

Information Technology

Semiconductors


ABIOMED

Health Care

Health Care Equipment



S&P MIDCAP 400 INDEX JUNE 1, 2018


COMPANY

GICS ECONOMIC
SECTOR

GICS SUB-INDUSTRY

ADDED

Wyndham Hotels &
Resorts

Consumer Discretionary

Hotels, Resorts & Cruise Lines



S&P MIDCAP 400 INDEX JUNE 4, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Perspecta

Information Technology

IT Consulting & Other
Services

DELETED

GameStop

Consumer Discretionary

Computer & Electronics
Retail


Office Depot

Consumer Discretionary

Specialty Stores



S&P SMALLCAP 600 INDEX JUNE 4, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

GameStop

Consumer Discretionary

Computer & Electronics
Retail


Office Depot

Consumer Discretionary

Specialty Stores

DELETED

Fred's

Consumer Discretionary

General Merchandise
Stores


Roadrunner
Transportation
Systems

Industrials

Trucking

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 become home to over 1,000,000 indices across the spectrum of asset classes that have helped 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.

FOR MORE INFORMATION:

David Blitzer

Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]

S&P Dow Jones Indices
[email protected]

Media Inquiries
[email protected]

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SOURCE S&P Dow Jones Indices

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