NEW YORK, Dec. 20, 2018 /PRNewswire/ -- S&P Dow
Jones Indices will make the following changes to the S&P
SmallCap 600 effective prior to the open of trading on Thursday, January 3:
- Arlo Technologies (NYSE: ARLO) will replace Cloud Peak Energy
Inc. (NYSE: CLD) and Care.com Inc. (NYSE: CRCM) will replace
Francesca's Holdings Corp. (NASD: FRAN). S&P SmallCap 600
constituent NETGEAR Inc. (NASD: NTGR) is spinning off its remaining
ownership stake in Arlo Technologies in a transaction expected to
be completed on December 31. Cloud
Peak Energy and Francesca's Holdings are ranked at the bottom of
the S&P SmallCap 600 and are no longer representative of the
small-cap market space.
Arlo Technologies provides smart connected devices to monitor
the environments in real-time with a Wi-Fi or a cellular network
internet connection. Headquartered in San
Jose, CA, the company will be added to the S&P SmallCap
600 Global Industry Classification Standard (GICS) Electronic
Equipment & Instruments Sub-Industry index.
Care.com operates an online marketplace for finding and managing
family care. Headquartered in Waltham,
MA, the company will be added to the S&P SmallCap 600
GICS Interactive Media & Services Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP
600 INDEX – JANUARY 3, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Arlo
Technologies
|
Information
Technology
|
Electronic Equipment
&
Instruments
|
|
Care.com
|
Communication
Services
|
Interactive Media
&
Services
|
DELETED
|
Cloud Peak
|
Energy
|
Coal &
Consumable
Fuels
|
|
Francesca's
Holdings
|
Consumer
Discretionary
|
Apparel
Retail
|
For more information about S&P Dow Jones Indices, please
visit www.spdji.com
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David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com
S&P Dow Jones Indices
index_services@spglobal.com
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SOURCE S&P Dow Jones Indices