NEW
YORK, Aug. 21, 2023 /PRNewswire/ -- Kenvue Inc.
(NYSE: KVUE) will replace Advance Auto Parts Inc. (NYSE: AAP) in
the S&P 500, and Advance Auto Parts will replace Emergent
BioSolutions Inc. (NYSE: EBS) in the S&P SmallCap 600
effective prior to the opening of trading on Friday, August 25. As previously announced on
August 9, the addition of Kenvue is
the result of S&P 500 and S&P 100 constituent Johnson &
Johnson (NYSE: JNJ) offering to exchange the shares of Kenvue held
for shares of Johnson & Johnson in a split-off exchange offer
that expired on Friday, August 18.
Advance Auto Parts is more representative of the small-cap market
space, and Emergent BioSolutions is no longer representative of the
small-cap market space.
Following is a summary of the changes that will take place prior
to the open of trading on the effective date:
Effective
Date
|
Index
Name
|
Action
|
Company
Name
|
Ticker
|
GICS Sector
|
August 25,
2023
|
S&P 500
|
Addition
|
Kenvue
|
KVUE
|
Consumer
Staples
|
|
S&P 500
|
Deletion
|
Advance Auto
Parts
|
AAP
|
Consumer
Discretionary
|
|
S&P SmallCap
600
|
Addition
|
Advance Auto
Parts
|
AAP
|
Consumer
Discretionary
|
|
S&P SmallCap
600
|
Deletion
|
Emergent
BioSolutions
|
EBS
|
Health Care
|
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SOURCE S&P Dow Jones Indices