NEW YORK, May 26, 2020 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P MidCap 400
and S&P SmallCap 600 effective prior to the open of trading on
Monday, June 1:
- Coherus BioSciences Inc. (NASD:CHRS) will replace Opus Bank
(NASD:OPB) in the S&P SmallCap 600. Pacific Premier Bancorp
Inc. (NASD:PPBI) is acquiring Opus Bank in a transaction expected
to be completed soon pending final conditions.
- Essent Group Ltd. (NYSE:ESNT) will replace Patterson-UTI Energy
Inc. (NASD:PTEN) in the S&P MidCap 400, and Patterson-UTI
Energy will replace Noble Corporation plc (NYSE:NE) in the S&P
SmallCap 600. Noble is no longer representative of the small-cap
market space.
Coherus Biosciences is a biotherapeutics company that focuses on
the biosimilar market. Headquartered in Redwood City, CA, the company will be added to
the S&P SmallCap 600 GICS (Global Industry Classification
Standard) Biotechnology Sub-Industry index.
Essent Group offers mortgage insurance, reinsurance, and risk
management products. Headquartered in Hamilton, Bermuda, the company will be added
to the S&P MidCap 400 GICS Thrifts & Mortgage Finance
Sub-Industry index.
Patterson-UTI Energy is a provider of oilfield services and
products. Headquartered in Houston,TX, the company will be
added to the S&P SmallCap 600 GICS Oil & Gas Drilling
Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – JUNE 1, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Essent
Group
|
Financials
|
Thrifts &
Mortgage Finance
|
|
DELETED
|
Patterson-UTI
Energy
|
Energy
|
Oil & Gas
Drilling
|
|
S&P SMALLCAP
600 INDEX –JUNE 1, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Coherus
Biosciences
|
Health
Care
|
Biotechnology
|
|
Patterson-UTI
Energy
|
Energy
|
Oil & Gas
Drilling
|
|
DELETED
|
Opus Bank
|
Financials
|
Regional
Banks
|
|
Noble Corp
|
Energy
|
Oil & Gas
Drilling
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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SOURCE S&P Dow Jones Indices