PayPal (PYPLV) Holdings Set to Join S&P 100 & 500; Others to Join S&P MidCap 400 and S&P SmallCap 600 (NE) (EBAY) (HMSY) (SFY) (SYNA) (ROSE) (NBL) (RTI)
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
PayPal Holdings Inc. (NASDAQ: PYPLV) will replace eBay Inc. (NASDAQ: EBAY) in the S&P 100 and Noble Corporation plc (NYSE: NE) in the S&P 500. Noble Corporation plc will replace HMS Holdings Corp. (NASDQ: HMSY) in the S&P MidCap 400, and HMS Holdings will replace Swift Energy Co. (NYSE: SFY) in the S&P SmallCap 600. These actions will be effective after the close of trading on Friday, July 17. Ebay is spinning off PayPal to shareholders in a transaction expected to be completed on that date. Ebay will remain in the S&P 500 following completion of the transaction. Noble has a market cap that is more representative of the mid-cap market space. HMS Holdings and Swift Energy rank near or at the bottom of their respective indices.
S&P SmallCap 600 constituent Synaptics Inc. (NASDAQ: SYNA) will replace Rosetta Resources Inc. (NASDAQ: ROSE) in the S&P MidCap 400, and REX American Resources Corp. (NYSE: REX) will replace Synaptics in the S&P SmallCap 600 after the close of trading on Monday, July 20. S&P 500 constituent Noble Energy Inc. (NYSE: NBL) is acquiring Rosetta Resources in a transaction expected to be completed on or about that date pending final approvals.
First NBC Bank Holding Co. (NASDAQ: FNBC) will replace RTI International Metals Inc. (NYSE: RTI) in the S&P SmallCap 600 after the close of trading on Wednesday, July 22. S&P 500 constituent Alcoa Inc. (NYSE: AA) is acquiring RTI International Metals in a transaction expected to be completed on or about that date pending final approvals.
