NASDAQ Announces Changes to Q-50 Index
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The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ), parent of the world's first electronic stock market and a leading index provider, today announced the results of the quarterly re-ranking of the NASDAQ Q-50 Index (Nasdaq: NXTQ), which will become effective prior to market open on Monday, June 24, 2013.
The following eight securities will be added to the Index: MercadoLibre, Inc. (Nasdaq: MELI), Melco Crown Entertainment Limited (Nasdaq: MPEL), Norwegian Cruise Line Holdings Ltd. (Nasdaq: NCLH), NetEase, Inc. (Nasdaq: NTES), Penn National Gaming, Inc. (Nasdaq: PENN), Seattle Genetics, Inc. (Nasdaq: SGEN), Sirona Dental Systems, Inc. (Nasdaq: SIRO) and Splunk Inc. (Nasdaq: SPLK).
The NASDAQ Q-50 Index is designed to track the performance of securities that are next-eligible for inclusion into the NASDAQ–100 Index. It does not contain securities of financial companies including investment companies.
As a result of the re-ranking, the following seven securities will be removed from the Index: Cadence Design Systems, Inc. (Nasdaq: CDNS), Frontier Communications Corporation (Nasdaq: FTR), Informatica Corporation (Nasdaq: INFA), Medivation, Inc. (Nasdaq: MDVN), Patterson Companies, Inc. (Nasdaq: PDCO), Royal Gold, Inc. (Nasdaq: RGLD) and tw telecom inc. (Nasdaq: TWTC).
The following eight securities will be added to the Index: MercadoLibre, Inc. (Nasdaq: MELI), Melco Crown Entertainment Limited (Nasdaq: MPEL), Norwegian Cruise Line Holdings Ltd. (Nasdaq: NCLH), NetEase, Inc. (Nasdaq: NTES), Penn National Gaming, Inc. (Nasdaq: PENN), Seattle Genetics, Inc. (Nasdaq: SGEN), Sirona Dental Systems, Inc. (Nasdaq: SIRO) and Splunk Inc. (Nasdaq: SPLK).
The NASDAQ Q-50 Index is designed to track the performance of securities that are next-eligible for inclusion into the NASDAQ–100 Index. It does not contain securities of financial companies including investment companies.
As a result of the re-ranking, the following seven securities will be removed from the Index: Cadence Design Systems, Inc. (Nasdaq: CDNS), Frontier Communications Corporation (Nasdaq: FTR), Informatica Corporation (Nasdaq: INFA), Medivation, Inc. (Nasdaq: MDVN), Patterson Companies, Inc. (Nasdaq: PDCO), Royal Gold, Inc. (Nasdaq: RGLD) and tw telecom inc. (Nasdaq: TWTC).
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