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
|
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SOURCE S&P Dow Jones Indices
