S&P Announces Changes to U.S. Indices (ISRG for BSC, ZEUS for XRIT, MGLN for BFAM)
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- S&P Announces Changes to U.S. Indices (ISRG for BSC, ZEUS for XRIT, MGLN for BFAM)
- Bright Horizons Family Solutions (BFAM) Reports Q1 Earnings
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- Intuitive Surgical (ISRG) Trades Higher After Being Named to the S&P 500
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S&P MidCap 400 constituent Intuitive Surgical Inc. (NASDAQ: ISRG) will replace The Bear Stearns Companies Inc. (NYSE: BSC) in the S&P 500, S&P SmallCap 600 constituent The Shaw Group Inc. (NYSE: SGR) will replace Intuitive Surgical in the S&P MidCap 400, and II-VI Inc. (NASDAQ: IIVI) will replace The Shaw Group in the S&P SmallCap 600 after the close of trading on Friday, May 30. Bear Stearns is being acquired by S&P 500 and S&P 100 constituent JPMorgan Chase & Co. (NYSE: JPM) in a deal expected to close before the open of trading on June 2, pending final approvals.
Olympic Steel Inc. (NASDAQ: ZEUS) will replace X-Rite Inc. (NASDAQ: XRIT) in the S&P SmallCap 600 after the close of trading on Tuesday, May 27. As of today’s close of trading, X-Rite had a market cap of $38 million, ranking 600th in the index.
Magellan Health Services Inc. (NASDAQ: MGLN) will replace Bright Horizons Family Solutions Inc. (NASDAQ: BFAM) in the S&P SmallCap 600 on a date to be announced. Bright Horizons is being acquired by Bain Capital Partners in a deal that is still pending final approvals.
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