NEW YORK, Sept. 15, 2016 /PRNewswire/ -- Avis Budget Group, Inc. (NASD: CAR) will replace Questar Corp. (NYSE:STR) in the S&P MidCap 400 after the close of trading on Friday, September 16. S&P 500 constituent Dominion Resources, Inc. (NYSE:D) is acquiring Questar in a deal expected to be completed soon pending final approvals.

Avis Budget Group provides car and truck rentals, car sharing, and ancillary services. Headquartered in Parsippany, NJ, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Trucking Sub-Industry index.

Following is a summary of the change:

S&P MIDCAP 400 INDEX – SEPTEMBER 16, 2016


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Avis Budget Group

Industrials

Trucking

DELETED

Questar

Utilities

Gas Utilities

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

 

FOR MORE INFORMATION:

David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spdji.com

Soogyung Jordan
Global Head of Communications
New York, USA
(+1) 212 438 2297
soogyung.jordan@spdji.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/avis-budget-group-set-to-join-the-sp-midcap-400-300329199.html

SOURCE S&P Dow Jones Indices

Copyright 2016 PR Newswire

Dominion Energy (NYSE:D)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Dominion Energy Charts.
Dominion Energy (NYSE:D)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Dominion Energy Charts.