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
|
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
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji_communications@spglobal.com
View original content:http://www.prnewswire.com/news-releases/universal-display-set-to-join-sp-midcap-400-and-nabors-industries-to-join-sp-smallcap-600-300760281.html
SOURCE S&P Dow Jones Indices