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 47.28

+0.48 +1.03%
Volume: 3,991,436
Track COV

DTSI 30.59

+0.51 +1.70%
Volume: 25,048
Track DTSI

FTI 55.22

+0.22 +0.40%
Volume: 345,594
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 33.00

+0.08 +0.24%
Volume: 8,023
Track IPCM

MCRS 28.60

-0.05 -0.17%
Volume: 92,902
Track MCRS

MET 34.60

+0.18 +0.52%
Volume: 1,948,285
Track MET

SFNC 25.20

+0.16 +0.64%
Volume: 28,458
Track SFNC


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