Lannett, HollyFrontier drop as S&P 500 shuffles deck for Organon entry

Service Properties Trust

28/05/2021 13:49

** Generic drugmaker Lannett  LCI.N  down ~7%, while oil
refiner HollyFrontier Corp  HFC.N  off ~2% premarket, after S&P
Dow Jones announces index changes
    ** Organon & Co  OGN.N   OGN_w.N  to be added to S&P 500
 .SPX  prior to open of trading on Thurs, June 3, as part of its
spin-off by Merck  MRK.N   urn:newsml:reuters.com:*:nPn5fJGtTa
    ** MRK will remain in S&P 500 and 100 indices
    ** In turn, HFC will move to S&P Midcap 400  .IDX  prior to
open of trading on Fri, June 4
    ** Then, Service Properties Trust  SVC.O  is joining S&P
SmallCap 600 index  .SPCY . Hospitality REIT's shares up 5%
before the bell
    ** As such, LCI to exit SPCY, as S&P Dow Jones says co "no
longer representative of the small-cap market space"

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))