S&P Announces Changes to US Indices: MET for COV, FTI for COV, MCRS for FTI, IPCM for MCRS, SFNC for GFG, DTSI for IFC

May 28, 2009 5:24 PM EDT

S&P 500 constituent MetLife Inc. (NYSE: MET) will replace Covidien Ltd. (NYSE: COV) in the S&P 100, S&P MidCap 400 constituent FMC Technologies Inc. (NYSE: FTI) will replace Covidien in the S&P 500, S&P SmallCap 600 constituent MICROS Systems Inc. (NASDAQ: MCRS) will replace FMC Technologies in the S&P MidCap 400, and IPC The Hospitalist Company Inc. (NASDAQ: IPCM) will replace MICROS Systems in the S&P SmallCap 600. Covidien is in the process of redomesticating to Ireland, rendering it ineligible for continued inclusion in the S&P 100 & 500 indices.

Simmons First National Corp. (NASDAQ: SFNC) will replace Guaranty Financial Group Inc. (NYSE: GFG), and DTS Inc. (NASDAQ: DTSI) will replace Irwin Financial Corp. (NYSE: IFC) in the S&P SmallCap 600. As of today’s close of trading, Guaranty Financial and Irwin Financial had market capitalizations of approximately $37 million and $35 million respectively, whereas the minimum market cap needed to be admitted to the index is currently $200 million.


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Stocks Mentioned

COV 46.68

+0.54 +1.17%
Volume: 1,643,042
Track COV

DTSI 30.00

-0.07 -0.23%
Volume: 134,889
Track DTSI

FTI 54.64

-0.59 -1.07%
Volume: 628,987
Track FTI

GFG 0.29

+0.00 +0.00%
Volume: 1,132,843
Track GFG

IFC 0.48

+0.00 +0.00%
Volume: 49,700
Track IFC

IPCM 32.76

+0.46 +1.42%
Volume: 8,604
Track IPCM

MCRS 28.60

-0.40 -1.38%
Volume: 182,723
Track MCRS

MET 34.47

-0.02 -0.06%
Volume: 2,162,044
Track MET

SFNC 24.94

-0.05 -0.20%
Volume: 48,115
Track SFNC


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