S&P Changes: DO for WFT; PNRA for ARM, CVLT for PNRA, IWA for BBX, AFAM for BSET
Late Friday, Standard & Poor's announced the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
- Diamond Offshore Drilling Inc. (NYSE: DO) will replace Weatherford International Ltd. (NYSE: WFT) in the S&P 500 on a date to be announced. Weatherford is in the process of redomesticating to Switzerland, rendering it ineligible for continued inclusion in the S&P 500.
- S&P SmallCap 600 constituent Panera Bread Co. (Nasdaq: PNRA) will replace ArvinMeritor Inc. (NYSE: ARM) in the S&P MidCap 400, and CommVault Systems Inc. (Nasdaq: CVLT) will replace Panera Bread in the S&P SmallCap 600 after the close of trading on Friday, February 20. As of today's close, ArvinMeritor had a market capitalization below $75 million, ranking it 400th in the index.
- Iowa Telecommunications Services Inc. (NYSE: IWA) will replace BankAtlantic Bancorp Inc. (NYSE: BBX), and Almost Family Inc. (Nasdaq: AFAM) will replace Basset Furniture Industries Inc. (Nasdaq: BSET) in the S&P SmallCap 600 after the close of trading on Friday, February 20. As of today's close, BankAtlantic and Bassett Furniture had market capitalizations of approximately $18 million and $21 million respectively, ranking them 600th and 599th in the index.
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