Nexstar Media Group and PBF Energy Set to Join S&P MidCap 400; Sabre and Nu Skin Enterprises to Join S&P SmallCap 600
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:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
SOURCE S&P Dow Jones Indices
These press releases may also interest you
|
News published on 28 november 2022 at 18:53 and distributed by:
