Lululemon Athletica & Hubbell Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600
NEW YORK, Oct. 13, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the opening of trading on Wednesday, October 18:
- Lululemon Athletica Inc. (NASD:LULU) will replace Activision Blizzard Inc. (NASD:ATVI) in the S&P 500. S&P 500 and S&P 100 constituent Microsoft Corp. (NASD: MSFT) acquired Activision Blizzard in a transaction completed today, October 13.
- S&P MidCap 400 constituent Hubbell Inc. (NYSE:HUBB) will replace Organon & Co. (NYSE:OGN) in the S&P 500, S&P SmallCap 600 constituent Onto Innovation Inc. (NYSE:ONTO) will replace Hubbell in the S&P MidCap 400, and Organon & Co will replace Onto Innovation in the S&P SmallCap 600. Hubbell is more representative of the large-cap market space, Onto Innovation is more representative of the mid-cap market space, and Organon & Co is more 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 |
October 18, 2023 | S&P 500 | Addition | Lululemon | LULU | Consumer Discretionary |
S&P 500 | Addition | Hubbell
| HUBB | Industrials | |
S&P 500 | Deletion | Activision Blizzard
| ATVI | Communication | |
S&P 500 | Deletion | Organon & Co
| OGN | Health Care | |
S&P MidCap 400 | Addition | Onto Innovation
| ONTO | Information Technology | |
S&P MidCap 400 | Deletion | Hubbell
| HUBB | Industrials | |
S&P SmallCap 600 | Addition | Organon & Co
| OGN | Health Care | |
S&P SmallCap 600 | Deletion | Onto Innovation
| ONTO | Information Technology |
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SOURCE S&P Dow Jones Indices