By Kathryn Hardison

Nexstar Media Group Inc. and PBF Energy Inc. will join the S&P MidCap 400, while Sabre Corp. and Nu Skin Enterprises Inc. will move to the S&P SmallCap 600, the S&P Dow Jones Indices said Monday.

The changes will be effective prior to the opening of trading on Dec. 1, S&P Dow Jones Indices said.

Nexstar Media will replace Sabre in the S&P MidCap 400, while Sabre will replace Flagstar Bancorp Inc. in the S&P SmallCap 600.

New York Community Bancorp Inc. is acquiring Flagstar in a deal that is expected to be completed soon, the company noted.

Also, PBF Energy, a S&P SmallCap 600 constituent, is swapping places with Nu Skin Enterprises in the S&P MidCap 400.

The shifts better represent the companies and their respective market spaces, the S&P Dow Jones Indices.

For instance, Sabre noted that it has a market capitalization more representative of the small-cap market space.

Write to Kathryn Hardison at kathryn.hardison@wsj.com

(END) Dow Jones Newswires

November 28, 2022 18:15 ET (23:15 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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