S&P Changes: PSX for SVU in S&P 500, SVU for AM in S&P MidCap 400, AM for SR in S&P SmallCap 600

April 23, 2012 5:23 PM EDT
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Phillips 66 (NYSE: PSXwi) (NYSE: PSX) will replace SUPERVALU, Inc. (NYSE: SVU) in the S&P 500 index, SUPERVALU will replace American Greetings Corp. (NYSE: AM) in the S&P MidCap 400 index, and American Greetings will replace The Standard Register Co. (NYSE: SR) in the S&P SmallCap 600 index after the close of trading on Monday, April 30.

S&P 100& 500 constituent ConocoPhillips Inc. (NYSE: COP) is spinning off Phillips 66 in a transaction expected to be completed on or about that date, pending final approvals. The Conoco Phillips stub will remain in the S&P 500 index following completion of the transaction. SUPERVALU's market cap is below $1.4 billion, making it more representative of the mid cap market space. American Greeting’s market cap is below $600 million, making it more representative of the small cap market space. The Standard Register is ranked # 600 in the SmallCap 600 index.

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