NEW YORK, April 27, 2020 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P MidCap
400 and S&P SmallCap 600 effective prior to the open of trading
on Friday, May 1:
- Enphase Energy Inc. (NASD:ENPH) will replace Core Laboratories
N.V. (NYSE:CLB) in the S&P MidCap 400, and Core Laboratories
will replace Akorn Inc. (NASD:AKRX) in the S&P SmallCap 600.
Akorn intends to file for reorganization under Chapter 11 of the
U.S. Bankruptcy Code by May 1, 2020
and will no longer be eligible for continued inclusion in the
S&P SmallCap 600.
- Paylocity Holding Corp. (NASD:PCTY) will replace Meredith Corp.
(NYSE:MDP) in the S&P MidCap 400, and Meredith will replace
Diamond Offshore Drilling Inc. (NYSE:DO) in the S&P SmallCap
600. Diamond Offshore Drilling filed to reorganize under Chapter 11
of the U.S. Bankruptcy Code and is no longer eligible for continued
inclusion in the S&P SmallCap 600.
Enphase Energy designs, develops, manufactures, and sells
home energy solutions for the solar photovoltaic industry.
Headquartered in Fremont, CA, the
company will be added to the S&P MidCap 400 GICS (Global
Industry Classification Standard) Semiconductor Equipment
Sub-Industry index.
Core Laboratories provides reservoir description and production
enhancement services and products to the oil and gas industry.
Headquartered in Amsterdam,
Netherlands, the company will be added to the S&P
SmallCap 600 GICS Oil & Gas Equipment &
Services Sub-Industry index.
Paylocity provides payroll and human capital management software
solutions. Headquartered in Schaumburg,
IL, the company will be added to the S&P MidCap
400 GICS Application Software Sub-Industry index.
Meredith operates as a diversified media company. Headquartered
in Des Moines, IA, the company
will be added to the S&P SmallCap 600 GICS Publishing
Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – May 1, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Enphase
Energy
|
Information
Technology
|
Semiconductor
Equipment
|
|
Paylocity
|
Information
Technology
|
Application
Software
|
DELETED
|
Core
Laboratories
|
Energy
|
Oil & Gas
Equipment & Services
|
|
Meredith
|
Communication
Services
|
Publishing
|
|
|
S&P SMALLCAP
600 INDEX – May 1, 2020
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Core
Laboratories
|
Energy
|
Oil & Gas
Equipment & Services
|
|
Meredith
|
Communication
Services
|
Publishing
|
DELETED
|
Akorn
|
Health
Care
|
Pharmaceuticals
|
|
Diamond Offshore
Drilling
|
Energy
|
Oil & Gas
Drilling
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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SOURCE S&P Dow Jones Indices