NEW YORK, May 10, 2016 /PRNewswire/ -- S&P MidCap
400 constituent Alaska Air Group Inc. (NYSE:ALK) will replace
SanDisk Corp. (NASD:SNDK) in the S&P 500, S&P SmallCap 600
constituent Texas Roadhouse Inc. (NASD:TXRH) will replace Alaska
Air Group in the S&P MidCap 400, and Cavco Industries Inc.
(NASD:CVCO) will replace Texas Roadhouse in the S&P SmallCap
600 after the close of trading on Thursday,
May 12. S&P 500 constituent Western Digital Corp.
(NASD:WDC) is acquiring SanDisk Corp. in a deal expected to be
completed on or about that date pending final conditions.
Alaska Air provides passengers and cargo air transportation
services. Headquartered in Seattle,
WA, the company will be added to the S&P 500 GICS
(Global Industry Classification Standard) Airlines Sub-Industry
index.
Texas Roadhouse operates full-service casual dining restaurants.
Headquartered in Louisville, KY,
the company will be added to the S&P MidCap 400 GICS
Restaurants Sub-Industry index.
Cavco Industries engages in the design, production, wholesale,
and retail sale of manufactured homes. Headquartered in
Phoenix, AZ, the Company will be
added to the S&P SmallCap 600 GICS Homebuilding Sub-Industry
index.
Following is a summary of the changes:
S&P 500 INDEX
– MAY 12, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Alaska Air
|
Industrials
|
Airlines
|
DELETED
|
SanDisk
|
Information
Technology
|
Technology Hardware,
Storage & Peripherals
|
S&P MIDCAP 400
INDEX – MAY 12, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Texas
Roadhouse
|
Consumer
Discretionary
|
Restaurants
|
DELETED
|
Alaska Air
|
Industrials
|
Airlines
|
S&P SMALLCAP
600 INDEX – MAY 12, 2016
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Cavco
|
Consumer
Discretionary
|
Homebuilding
|
DELETED
|
Texas
Roadhouse
|
Consumer
Discretionary
|
Restaurants
|
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