Cooper Tire & Rubber to Join S&P MidCap 400; Hersha Hospitality Trust to Join S&P SmallCap 600
NEW YORK, Feb. 7, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 after the close of trading on Friday, February 10:
Cooper Tire & Rubber Co. (NYSE:CTB) will replace comScore Inc. (NASD:SCOR) in the S&P MidCap 400. NASDAQ announced that comScore will be delisted from its exchange due to non-compliance effective at the close of February 7, and therefore it will no longer be eligible for continued inclusion in the S&P MidCap 400.
Hersha Hospitality Trust (NYSE:HT) will replace WCI Communities Inc. (NYSE:WCIC) in the S&P SmallCap 600. S&P 500 constituent Lennar Corp. (NYSE:LEN) is acquiring WCI Communities in a deal expected to be completed on or about that date, pending final closing conditions.
Cooper Tire & Rubber manufactures and markets replacement tires worldwide. Headquartered in Findlay, OH, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Tires & Rubber Sub-Industry index.
Hersha Hospitality Trust, a real estate investment trust, engages in the ownership and operation of hotels. Headquartered in Philadelphia, PA, the company will be added to the S&P SmallCap 600 GICS Hotel & Resort REITs Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400 INDEX – FEBRUARY 10, 2017 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Cooper Tire & |
Consumer Discretionary |
Tire & Rubber |
DELETED |
comScore |
Information Technology |
Internet Software & Services |
S&P SMALLCAP 600 INDEX – FEBRUARY 10, 2017 |
|||
COMPANY |
GICS ECONOMIC SECTOR |
GICS SUB-INDUSTRY |
|
ADDED |
Hersha |
Real Estate |
Hotel & Resort REITs |
DELETED |
WCI |
Consumer Discretionary |
Homebuilding |
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:
Luke Shane
North America Communications
New York, USA
(+1) 212 438 8184
[email protected]
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
[email protected]
SOURCE S&P Dow Jones Indices
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article