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
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