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 44.05

-0.13 -0.29%
Volume: 1,471,815
Track COV

DTSI 30.25

+0.43 +1.44%
Volume: 129,139
Track DTSI

FTI 56.63

+0.41 +0.73%
Volume: 852,550
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 32.87

+0.66 +2.05%
Volume: 68,184
Track IPCM

MCRS 27.59

+0.14 +0.51%
Volume: 953,770
Track MCRS

MET 33.52

-0.29 -0.86%
Volume: 4,744,547
Track MET

SFNC 26.04

-0.47 -1.77%
Volume: 26,091
Track SFNC


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