NEW YORK, Sept. 26, 2019 /PRNewswire/ -- S&P Dow Jones
Indices will make the following changes to the S&P 500, S&P
MidCap 400 and S&P SmallCap 600:
- Las Vegas Sands Corp. (NYSE: LVS) will replace Nektar
Therapeutics (NASD: NKTR) in the S&P 500, and Nektar
Therapeutics will replace Sotheby's (NYSE: BID) in the S&P
MidCap 400 effective prior to the open of trading on Thursday, October 3. BidFair USA LLC is acquiring Sotheby's in a
transaction expected to be completed soon pending final conditions.
Nektar Therapeutics is ranked near the bottom of the S&P 500
and has a market capitalization more representative of the mid-cap
market space.
- The Pennant Group Inc. (NASD: PNTG) will be added to the
S&P SmallCap 600 prior to the open of trading on Tuesday, October 1. The Pennant Group will
replace Gulf Island Fabrication Inc. (NASD: GIFI), which will be
removed from the S&P SmallCap 600 effective prior to the open
of trading on Wednesday, October 2.
S&P SmallCap 600 constituent The Ensign Group Inc. (NASD: ENSG)
is spinning off The Pennant Group in a transaction expected to be
completed on or about October 1
pending final conditions. Gulf Island Fabrication is ranked near
the bottom of the S&P SmallCap 600 and is no longer
representative of the small-cap market space.
Las Vegas Sands develops, owns, and operates integrated resorts.
Headquartered in Las Vegas, NV,
the company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Casinos & Gaming Sub-Industry
index.
Nektar Therapeutics develops drug candidates for cancer,
autoimmune disease, and chronic pain. Headquartered in San Francisco, CA, the company will be added
to the S&P MidCap 400 GICS Pharmaceuticals Sub-Industry
index.
The Pennant Group offers home health, hospice, and senior living
services. Headquartered in Eagle,
ID, the company will be added to the S&P SmallCap 600
GICS Health Care Facilities Sub-Industry index.
Following is a summary of the changes:
|
S&P SMALLCAP
600 INDEX – October 1, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
The Pennant
Group
|
Health
Care
|
Health Care
Facilities
|
|
S&P SMALLCAP
600 INDEX – October 2, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
DELETED
|
Gulf Island
Fabrication
|
Energy
|
Oil & Gas
Equipment &
Services
|
|
S&P 500 INDEX
– October 3, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Las Vegas
Sands
|
Consumer
Discretionary
|
Casinos &
Gaming
|
|
DELETED
|
Nektar
Therapeutics
|
Health
Care
|
Pharmaceuticals
|
|
S&P MIDCAP 400
INDEX – October 3, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Nektar
Therapeutics
|
Health
Care
|
Pharmaceuticals
|
|
DELETED
|
Sotheby's
|
Consumer
Discretionary
|
Specialized
Consumer
Services
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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SOURCE S&P Dow Jones Indices