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.


Related Categories

Corporate News
Hot List
Trader Talk

Stocks Mentioned

COV 46.70

+0.56 +1.21%
Volume: 2,142,310
Track COV

DTSI 30.02

-0.05 -0.17%
Volume: 153,014
Track DTSI

FTI 55.10

-0.13 -0.24%
Volume: 697,088
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 32.52

+0.22 +0.68%
Volume: 12,004
Track IPCM

MCRS 28.55

-0.45 -1.55%
Volume: 198,069
Track MCRS

MET 34.38

-0.11 -0.32%
Volume: 2,379,537
Track MET

SFNC 24.94

-0.05 -0.20%
Volume: 59,415
Track SFNC


Related Entities


Add Your Comment