Signature Bank, Solaredge, FactSet to join S&P 500
06/12/2021 14:04
** Signature Bank SBNY.O , SolarEdge Technologies Inc
SEDG.O and FactSet Research Systems Inc FDS.N moving up to
the S&P 500 .SPX index later this month amid quarterly
rebalance
** Effective Dec 20, SBNY, SEDG and FDS replacing Leggett &
Platt Inc LEG.N , Hanesbrands Inc HBI.N and Western Union
WU.N , all of which are moving to S&P MidCap 400 .IDX
urn:newsml:reuters.com:*:nPn78Qb3za
** In addition, Macy's M.N , Vicor Corp VICR.O and Power
Integrations Inc POWI.O elevating to IDX, as Tootsie Roll
Industries TR.N , Telephone and Data Systems Inc TDS.N and
Nektar Therapeutics NKTR.O moving to S&P SmallCap 600 index
.SPCY
** Cos that join the S&P 500 usually see their shares rise
as actively managed funds that benchmark the index buy shares
** SBNY's shares on Fri closed at $305.73, up 126% YTD, for
~$18.5 bln market value, per Refinitiv data. Stock hit record
high $342.03 on Nov 24
** Israeli-based SEDG's shares on Fri closed at $307, off
~4% in 2021, for ~$16 bln market cap. Its stock hit record peak
$389.71 on Nov 22
** FDS's shares on Fri closed at $466.38, up 40% YTD, for
~$17.6 bln market cap. Its stock hit all-time high $475.00 last
week
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))