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.
Related Categories
Corporate NewsHot List
Trader Talk
Stocks Mentioned
Related Entities
Sign 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!
