Advance Auto Parts (AAP) Dropped from the S&P 500

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Citi sees a step up in bearish equity flows

August 22, 2023 9:17 AM EDT

Citi analyst Chris Montagu said in his equity markets positioning model note Tuesday that there has been a step-up in bearish flows.

The analyst wrote that short positioning rose over the week, with both US and European indices seeing increasingly pronounced new short flows.

"The rapid... More

Kenvue (KVUE) To Replace Advance Auto Parts (AAP) In S&P 500

August 21, 2023 5:18 PM EDT

(Updated - August 21, 2023 5:28 PM EDT)

Kenvue Inc. (NYSE: KVUE) will replace Advance Auto Parts Inc. (NYSE: AAP) in the S&P 500, and Advance Auto Parts will replace Emergent BioSolutions Inc. (NYSE:... More