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 44.85

+0.80 +1.82%
Volume: 1,240,525
Track COV

DTSI 30.83

+0.58 +1.92%
Volume: 100,585
Track DTSI

FTI 58.61

+1.98 +3.50%
Volume: 1,249,056
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 32.53

-0.34 -1.03%
Volume: 50,485
Track IPCM

MCRS 27.93

+0.34 +1.23%
Volume: 431,111
Track MCRS

MET 35.10

+1.58 +4.71%
Volume: 4,461,749
Track MET

SFNC 26.50

+0.46 +1.77%
Volume: 29,964
Track SFNC


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