By Josh Beckerman
Signet Jewelers Ltd. (SIG) will join the S&P 500 after the
close of trading Tuesday, according to S&P Dow Jones
Indices.
The jewelry and watch seller is replacing DirecTV (DTV), which
was sold to AT&T Inc. (T) for $49 billion on Friday.
Inclusion in the index is typically a boon for a stock as
index-tracking funds that follow the S&P 500 will need to buy
its shares at that time.
In after-hours trading, Signet shares rose 2.45% to $124.
Meanwhile, Signet's spot in the MidCap 400 index will go to
Parexel International Corp. (PRXL), which provides clinical
research and technology services to the biotechnology,
medical-device and pharmaceutical industries.
In another move, Catalent Inc. (CTLT) will replace JDS Uniphase
Corp. (JDSU) in the MidCap 400, effective after the close of
trading July 31. JDSU is splitting into two publicly traded
companies, separating its networking and optical divisions.
Catalent provides drug development and formulation services and
drug-delivery technology.
Write to Josh Beckerman at josh.beckerman@wsj.com
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