NEW YORK, Dec. 6, 2018 /PRNewswire/ -- S&P MidCap
400 constituent Gulfport Energy Corp. (NASD: GPOR) will replace
Oclaro Inc. (NASD: OCLR) in the S&P SmallCap 600, and Yelp Inc.
(NYSE: YELP) will replace Gulfport Energy in the S&P MidCap 400
effective prior to the open of trading on Wednesday, December 12. S&P MidCap 400
constituent Lumentum Holdings Inc. (NASD: LITE) is acquiring Oclaro
in a deal expected to be completed soon pending final conditions.
Gulfport Energy has a market capitalization more representative of
the small-cap market space.
Yelp operates a platform that connects people with local
businesses. Headquartered in San
Francisco, CA, the company will be added to the S&P
MidCap 400 GICS (Global Industry Classification Standard)
Interactive Media & Services Sub-Industry index.
Gulfport Energy engages in the acquisition, exploration and
production of natural gas, crude oil, and natural gas liquids.
Headquartered in Oklahoma City,
OK, the company will be added to the S&P SmallCap
600 GICS Oil & Gas Exploration & Production Sub-Industry
index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – DECEMBER 12, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Yelp
|
Communication
Services
|
Interactive Media
&
Services
|
|
DELETED
|
Gulfport
Energy
|
Energy
|
Oil & Gas
Exploration &
Production
|
|
S&P SMALLCAP
600 INDEX – DECEMBER 12, 2018
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Gulfport
Energy
|
Energy
|
Oil & Gas
Exploration &
Production
|
|
DELETED
|
Oclaro
|
Information
Technology
|
Communications
Equipment
|
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SOURCE S&P Dow Jones Indices