NEW
YORK, March 26, 2025 /PRNewswire/
-- S&P Dow Jones Indices will make the following changes
to the S&P MidCap 400, and S&P SmallCap 600:
- Cava Group Inc. (NYSE: CAVA) will replace Altair Engineering
Inc. (NASD: ALTR) in the S&P MidCap 400 effective prior to the
opening of trading on Monday, March
31. Siemens AG (XETR: SIE) acquired Altair Engineering in a
deal completed today.
- Angi Inc. (NASD: ANGI) will replace The ODP Corp. (NASD: ODP)
in the S&P SmallCap 600 effective prior to the opening of
trading on Wednesday, April 2.
S&P SmallCap 600 constituent IAC Inc. (NASD: IAC) is spinning
off its ownership interest in ANGI in a transaction expected to be
completed on Tuesday, April 1. Post
spin-off, IAC will remain in the S&P SmallCap 600. The ODP
Corp.'s market capitalization 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
|
|
March 31,
2025
|
S&P MidCap
400
|
Addition
|
Cava Group
|
CAVA
|
Consumer
Discretionary
|
|
March 31,
2025
|
S&P MidCap
400
|
Deletion
|
Altair
Engineering
|
ALTR
|
Information
Technology
|
|
April 2,
2025
|
S&P SmallCap
600
|
Addition
|
ANGI
|
ANGI
|
Communication
Services
|
|
April 2,
2025
|
S&P SmallCap
600
|
Deletion
|
The ODP Corp
|
ODP
|
Consumer
Discretionary
|
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 products based on indices from
any other provider in the world. Since Charles Dow invented the first index in 1884,
S&P DJI has been innovating and developing indices across the
spectrum of asset classes helping to define 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:
S&P Dow Jones
Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
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SOURCE S&P Dow Jones Indices
