Quarterly Changes to the NASDAQ Q-50 Index
June 16 2014 - 7:15AM
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the
results of the quarterly re-ranking of the NASDAQ Q-50 Index
(Nasdaq:NXTQ), which will become effective prior to market open on
Monday, June 23, 2014.
The following nine securities will be added to the Index:
American Airlines Group, Inc. (Nasdaq:AAL), Avis Budget Group, Inc.
(Nasdaq:CAR), First Solar, Inc. (Nasdaq:FSLR), Frontier
Communications Corporation (Nasdaq:FTR), Gulfport Energy
Corporation (Nasdaq:GPOR), Pilgrim's Pride Corporation
(Nasdaq:PPC), Ryanair Holdings plc (Nasdaq:RYAAY), Ulta Salon,
Cosmetics & Fragrance, Inc. (Nasdaq:ULTA) and Windstream
Holdings, Inc. (Nasdaq:WIN).
NASDAQ Q-50 Index is a market-capitalization weighted index
designed to track the performance of securities that are
next-eligible for inclusion into the NASDAQ-100 IndexSM. The Index
is comprised of 50 securities ranked by market capitalization and
reflects companies across major industry groups including computer
hardware and software, telecommunications, retail/wholesale trade,
and biotechnology. It does not contain securities of financial
companies including banking and investment companies, as these are
ineligible for NASDAQ-100 Index inclusion.
As a result of the re-ranking, the following nine securities
will be removed from the Index: Concur Technologies, Inc.
(Nasdaq:CNQR), Groupon, Inc. (Nasdaq:GRPN), Isis Pharmaceuticals,
Inc. (Nasdaq:ISIS), Lincoln Electric Holdings, Inc. (Nasdaq:LECO),
Medivation, Inc. (Nasdaq:MDVN), NetEase, Inc. (Nasdaq:NTES),
SolarCity Corporation (Nasdaq:SCTY), Seattle Genetics, Inc.
(Nasdaq:SGEN) and Stratasys, Ltd. (Nasdaq:SSYS).
About NASDAQ OMX Global Indexes
NASDAQ OMX Global Indexes has been creating innovative,
market-leading, transparent indexes since 1971. Today, our index
offering spans geographies and asset classes and includes diverse
families such as the Dividend Achievers, Global, Nordic, Green
Economy, Sharia and Commodity Indexes. We continuously offer new
opportunities for financial product sponsors across a wide-spectrum
of investable products and for asset managers to measure risk and
performance. NASDAQ OMX Global Indexes also provides custom index
services and design solutions to selected financial organizations.
For more information about NASDAQ OMX Global Indexes, visit
indexes.nasdaqomx.com.
Daily index values, weightings and historical data for NASDAQ
OMX indexes are available via NASDAQ OMX Global Index Watch and
NASDAQ OMX Global Index Data Service.
About NASDAQ OMX Group
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading,
exchange technology, information and public company services across
six continents. Through its diverse portfolio of solutions, NASDAQ
OMX enables customers to plan, optimize and execute their business
vision with confidence, using proven technologies that provide
transparency and insight for navigating today's global capital
markets. As the creator of the world's first electronic stock
market, its technology powers more than 70 marketplaces in 50
countries, and approximately 1 in 10 of the world's securities
transactions. NASDAQ OMX is home to more than 3,400 listed
companies with a market value of over $8.5 trillion and more than
10,000 corporate clients. To learn more, visit
www.nasdaqomx.com.
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
financial product or an overall investment strategy. Neither The
NASDAQ OMX Group, Inc. nor any of its affiliates makes any
recommendation to buy or sell any financial product or any
representation about the financial condition of any company or
fund. Statements regarding NASDAQ's proprietary indexes are not
guarantees of future performance. Actual results may differ
materially from those expressed or implied. Past performance is not
indicative of future results. Investors should undertake their own
due diligence and carefully evaluate companies before investing.
ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
NDAQG
CONTACT: Media Contacts: Joseph Christinat, NASDAQ OMX
+1.646.441.5121
Josh Machiz, NASDAQ OMX
+1.212.231.5614
Issuer & Investor Contact: Natasha Selzer, NASDAQ OMX
+1.301.978.8623
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