NEW YORK, Dec. 4, 2018 /PRNewswire/ -- S&P MidCap 400
constituent Nabors Industries Ltd. (NYSE: NBR) will replace Sonic
Corp. (NASD: SONC) in the S&P SmallCap 600, and Universal
Display Corp. (NASD: OLED) will replace Nabors Industries in the
S&P MidCap 400 effective prior to the open of trading on
Monday, December 10. Inspire Brands
is acquiring Sonic in a deal expected to be completed soon pending
final conditions. Nabors Industries has a market capitalization
more representative of the small-cap market space.
Nabors Industries provides drilling and drilling-related
services and technologies for land-based and offshore oil and
natural gas wells. Headquartered in Hamilton, Bermuda, the company will be added
to the S&P SmallCap 600 GICS (Global Industry Classification
Standard) Oil & Gas Drilling Sub-Industry index.
Universal Display develops and delivers organic light emitting
diode (OLED) technologies, materials and services to the display
and lighting industries. Headquartered in Ewing, NJ, the company will be added to the
S&P MidCap 400 GICS Semiconductors Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – DECEMBER 10, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Universal
Display
|
Information
Technology
|
Semiconductors
|
|
DELETED
|
Nabors
Industries
|
Energy
|
Oil & Gas
Drilling
|
|
S&P SMALLCAP
600 INDEX – DECEMBER 10, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Nabors
Industries
|
Energy
|
Oil & Gas
Drilling
|
|
DELETED
|
Sonic
|
Consumer
Discretionary
|
Restaurants
|
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