NEW YORK, March 4, 2022 /PRNewswire/ --S&P Dow Jones Indices will make the following changes to the S&P 100, S&P MidCap 400 and S&P SmallCap 600:
- S&P 500 constituent The Charles Schwab Corp. (NYSE: SCHW) will replace Biogen Inc. (NASD: BIIB) in the S&P 100 effective prior to the opening of trading on Monday, March 21 to coincide with the quarterly rebalance. Biogen will remain in the S&P 500.
- BellRing Brands Inc. (NYSE: BRBR) will replace Cerence Inc. (NASD: CRNC) in the S&P MidCap 400, and Cerence will replace Cooper-Standard Holdings Inc. (NYSE: CPS) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, March 14. S&P MidCap 400 constituent Post Holdings Inc. (NYSE: POST) is converting its interest in BellRing Brands into new BellRing Brands stock and then distributing 80.1% of that interest to shareholders on March 11. Following the distribution, Post Holdings will remain in the S&P MidCap 400. Immediately prior to the transaction, BellRing Brands will consolidate its multiple share class structure into a new single share class structure. Post transactions, BellRing Brands' market capitalization will be more representative of the mid-cap market space. Cerence's market capitalization is more representative of the small-cap market space. Cooper-Standard is no longer 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
|
|
March 14, 2022
|
S&P MidCap 400
|
Addition
|
BellRing Brands
|
BRBR
|
Consumer Staples
|
|
March 14, 2022
|
S&P MidCap 400
|
Deletion
|
Cerence
|
CRNC
|
Information Technology
|
|
March 14, 2022
|
S&P SmallCap 600
|
Addition
|
Cerence
|
CRNC
|
Information Technology
|
|
March 14, 2022
|
S&P SmallCap 600
|
Deletion
|
Cooper-Standard
|
CPS
|
Consumer Discretionary
|
|
March 21, 2022
|
S&P 100
|
Addition
|
Charles Schwab
|
SCHW
|
Financials
|
|
March 21, 2022
|
S&P 100
|
Deletion
|
Biogen
|
BIIB
|
Healthcare
|
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View original content:https://www.prnewswire.com/news-releases/charles-schwab-set-to-join-sp-100-bellring-brands-to-join-sp-midcap-400-cerence-to-join-sp-smallcap-600-301496155.html
SOURCE Standard & Poor's
