Nexstar Media Group and PBF Energy Set to Join S&P MidCap 400; Sabre and Nu Skin Enterprises to Join S&P SmallCap 600
NEW YORK, Nov. 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Thursday, December 1:
Nexstar Media Group Inc. (NASD:NXST) will replace Sabre Corp. (NASD:SABR) in the S&P MidCap 400, and Sabre will replace Flagstar Bancorp Inc. (NYSE:FBC) in the S&P SmallCap 600. S&P MidCap 400 constituent New York Community Bancorp Inc. (NYSE: NYCB) is acquiring Flagstar Bancorp in a deal expected to be completed soon pending final conditions. Sabre has a market capitalization more representative of the small-cap market space.
S&P SmallCap 600 constituent PBF Energy Inc. (NYSE:PBF) will replace Nu Skin Enterprises Inc. (NYSE:NUS) in the S&P MidCap 400, and Nu Skin Enterprises will replace PBF Energy in the S&P SmallCap 600. PBF is more representative of the mid-cap market space, and Nu Skin 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
Dec 1, 2022
S&P MidCap 400
Addition
Nexstar Media Group
NXST
Communication Services
S&P MidCap 400
Addition
PBF Energy
PBF
Energy
S&P MidCap 400
Deletion
Sabre Corporation
SABR
Information Technology
S&P MidCap 400
Deletion
Nu Skin Enterprises
NUS
Consumer Staples
Dec 1, 2022
S&P SmallCap 600
Addition
Sabre Corporation
SABR
Information Technology
S&P SmallCap 600
Addition
Nu Skin Enterprises
NUS
Consumer Staples
S&P SmallCap 600
Deletion
Flagstar Bancorp
FBC
Financials
S&P SmallCap 600
Deletion
PBF Energy
PBF
Energy
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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