S&P Announces Changes to US Indices: MPC for RSH in S&P 500, RSH for HHS in MidCap 400, HHS for HTCH in SmallCap 600
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Marathon Petroleum Corp. (NYSE: MPC) will replace RadioShack Corp. (NYSE: RSH) in the S&P 500 index, RadioShack will replace Harte-Hanks Inc. (NYSE: HHS) in the S&P MidCap 400 index, and Harte-Hanks will replace Hutchinson Technology Inc. (NASDAQ: HTCH) in the S&P SmallCap 600 index. S&P 500 constituent Marathon Oil Corp. (NYSE: MRO) is spinning off Marathon Petroleum to its shareholders in a transaction expected to be completed after the market close on June 30. The Marathon Oil stub will remain in the S&P 500 index following the spin-off. RadioShack’s $1.4 billion market capitalization is more representative of the mid cap market space, and Harte-Hanks’ $530 million market capitalization is more representative of the small cap market space. Hutchinson Technology currently ranks 600th in the S&P SmallCap 600 index and is no longer representative of the small cap market space.
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