NEW
YORK, Nov. 28, 2022 /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 opening of
trading on Thursday, December 1:
- Nexstar Media Group Inc. (NASD:NXST) will replace Sabre Corp.
(NASD:SABR) in the S&P MidCap 400, and Sabre will replace
Flagstar Bancorp Inc. (NYSE:FBC) in the S&P SmallCap 600.
S&P MidCap 400 constituent New York Community Bancorp Inc.
(NYSE: NYCB) is acquiring Flagstar Bancorp in a deal expected to be
completed soon pending final conditions. Sabre has a market
capitalization more representative of the small-cap market
space.
- S&P SmallCap 600 constituent PBF Energy Inc. (NYSE:PBF)
will replace Nu Skin Enterprises Inc. (NYSE:NUS) in the S&P
MidCap 400, and Nu Skin Enterprises will replace PBF Energy in the
S&P SmallCap 600. PBF is more representative of the mid-cap
market space, and Nu Skin is more representative of the small-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
|
|
Dec 1, 2022
|
S&P MidCap
400
|
Addition
|
Nexstar Media
Group
|
NXST
|
Communication
Services
|
|
S&P MidCap
400
|
Addition
|
PBF Energy
|
PBF
|
Energy
|
|
S&P MidCap
400
|
Deletion
|
Sabre
Corporation
|
SABR
|
Information
Technology
|
|
S&P MidCap
400
|
Deletion
|
Nu Skin
Enterprises
|
NUS
|
Consumer
Staples
|
|
Dec 1, 2022
|
S&P SmallCap
600
|
Addition
|
Sabre
Corporation
|
SABR
|
Information
Technology
|
|
S&P SmallCap
600
|
Addition
|
Nu Skin
Enterprises
|
NUS
|
Consumer
Staples
|
|
S&P SmallCap
600
|
Deletion
|
Flagstar
Bancorp
|
FBC
|
Financials
|
|
S&P SmallCap
600
|
Deletion
|
PBF Energy
|
PBF
|
Energy
|
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.
FOR MORE INFORMATION:
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Indices
index_services@spglobal.com
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spdji.comms@spglobal.com
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content:https://www.prnewswire.com/news-releases/nexstar-media-group-and-pbf-energy-set-to-join-sp-midcap-400-sabre-and-nu-skin-enterprises-to-join-sp-smallcap-600-301688312.html
SOURCE S&P Dow Jones Indices
