S&P Announces Changes to US Indices: PCS for TEL, FOSL for YRCW, ALGN for FOSL
Up)
Tyco Electronics Ltd. (NYSE: TEL) will be removed from the S&P 500 after the close of trading on Thursday, June 25. Tyco is in the process of redomesticating to Switzerland, rendering it ineligible for continued inclusion in the S&P 500 index.
Tyco Electronics’ place in the S&P 500 will be taken by MetroPCS Communications Inc. (NYSE: PCS) effective after the close of trading on Monday, June 29.
S&P SmallCap 600 constituent Fossil Inc. (NASDAQ: FOSL) will replace YRC Worldwide Inc. (NASDAQ: YRCW) in the S&P MidCap 400, and Align Technology Inc. (NASDAQ: ALGN) will replace Fossil Inc. in the S&P SmallCap 600. As of today’s close of trading, YRC Worldwide had a market capitalization of approximately $100 million, ranking it 400th in the index.
Tyco Electronics’ place in the S&P 500 will be taken by MetroPCS Communications Inc. (NYSE: PCS) effective after the close of trading on Monday, June 29.
S&P SmallCap 600 constituent Fossil Inc. (NASDAQ: FOSL) will replace YRC Worldwide Inc. (NASDAQ: YRCW) in the S&P MidCap 400, and Align Technology Inc. (NASDAQ: ALGN) will replace Fossil Inc. in the S&P SmallCap 600. As of today’s close of trading, YRC Worldwide had a market capitalization of approximately $100 million, ranking it 400th in the index.
You May Also Be Interested In
- UPDATE: Angelo, Gordon to Acquire Benihana (BNHN) for $16.30/Share in Cash
- OpenTable (OPEN) Volatility Elevated with Shares Pressured; Bumps Up Against 50-Day SMA
- LinkedIn (LNKD) Shares Lower as ITG Warns of Q2 Pricing, Volume Weakness
Create E-mail Alert Related Categories
Corporate News, Hot List, Trader TalkRelated Entities
Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
