Flex Set to Join S&P MidCap 400; Azenta and Concentra Group Holdings to Join S&P SmallCap 600
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
- Flex Ltd (NASD: FLEX) will replace Azenta Inc. (NASD: AZTA) in the S&P MidCap 400, and Azenta will replace Envestnet Inc. (NYSE:ENV) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions. Azenta's market capitalization is no longer representative of the mid-cap market space.
- Concentra Group Holdings Inc. (NYSE:CON) will replace Myers Industries Inc. (NYSE:MYE) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, November 27. S&P SmallCap 600 constituent Select Medical Holdings Corp. (NYSE:SEM) is distributing the 80% of shares of Concentra Group Holdings it owns to shareholders in a transaction expected to be completed on November 26. Myers Industries' market capitalization is no longer representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
Nov 25, 2024 | S&P MidCap 400 | Addition | Flex | FLEX | Information Technology |
Nov 25, 2024 | S&P MidCap 400 | Deletion | Azenta | AZTA | Health Care |
Nov 25, 2024 | S&P SmallCap 600 | Addition | Azenta | AZTA | Health Care |
Nov 25, 2024 | S&P SmallCap 600 | Deletion | Envestnet | ENV | Information Technology |
Nov 27, 2024 | S&P SmallCap 600 | Addition | Concentra Group Holdings | CON | Health Care |
Nov 27, 2024 | S&P SmallCap 600 | Deletion | Myers Industries | MYE | Materials |
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SOURCE S&P Dow Jones Indices