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Dec. 13, 2019, 5:57 p.m. EST

Live Nation, Zebra and Steris to join S&P 500, TripAdvisor among companies dropped

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By Jeremy C. Owens

The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.03% will have some new members in 2020, after S&P Dow Jones Indices announced a shuffle set to take place just before Christmas. Live Nation Entertainment Inc. /zigman2/quotes/203077299/composite LYV -0.14% , Zebra Technologies Corp. /zigman2/quotes/201850708/composite ZBRA +0.20% and Steris PLC /zigman2/quotes/203973646/composite STE -0.84% will join the benchmark index ahead of trading on Dec. 23, S&P Dow Jones Indices said in an announcement Friday afternoon. They will graduate from the S&P MidCap 400 and replace three companies that will drop down to that index: TripAdvisor Inc. /zigman2/quotes/206118480/composite TRIP -2.13% , Affiliated Managers Group Inc. /zigman2/quotes/209583132/composite AMG -0.40% and The Macerich Co. /zigman2/quotes/203054096/composite MAC -2.47% "All companies moving to the S&P 500 have market capitalizations above $12 billion, and all companies moving to the S&P MidCap 400 have market capitalizations below $4.5 billion," the announcement notes. Live Nation's stock showed the largest reaction to the news, jumping 1.8% in after-hours trading, after falling 7.3% in regular trading after a report that the Justice Department is preparing legal action against the Ticketmaster parent company.

/zigman2/quotes/210599714/realtime
US : S&P US
3,381.37
+1.02 +0.03%
Volume: 703.30M
Aug. 13, 2020 11:33a
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/zigman2/quotes/203077299/composite
US : U.S.: NYSE
$ 51.28
-0.07 -0.14%
Volume: 449,283
Aug. 13, 2020 11:32a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.16 billion
Rev. per Employee
$1.14M
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/zigman2/quotes/201850708/composite
US : U.S.: Nasdaq
$ 284.57
+0.56 +0.20%
Volume: 42,270
Aug. 13, 2020 11:32a
P/E Ratio
31.30
Dividend Yield
N/A
Market Cap
$15.15 billion
Rev. per Employee
$568,243
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/zigman2/quotes/203973646/composite
US : U.S.: NYSE
$ 159.16
-1.35 -0.84%
Volume: 42,495
Aug. 13, 2020 11:32a
P/E Ratio
33.16
Dividend Yield
1.01%
Market Cap
$13.65 billion
Rev. per Employee
$227,494
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/zigman2/quotes/206118480/composite
US : U.S.: Nasdaq
$ 22.52
-0.49 -2.13%
Volume: 1.28M
Aug. 13, 2020 11:32a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$3.09 billion
Rev. per Employee
$479,798
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/zigman2/quotes/209583132/composite
US : U.S.: NYSE
$ 72.79
-0.29 -0.40%
Volume: 37,051
Aug. 13, 2020 11:32a
P/E Ratio
29.26
Dividend Yield
0.05%
Market Cap
$3.40 billion
Rev. per Employee
$540,629
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/zigman2/quotes/203054096/composite
US : U.S.: NYSE
$ 8.10
-0.21 -2.47%
Volume: 1.15M
Aug. 13, 2020 11:32a
P/E Ratio
12.39
Dividend Yield
7.42%
Market Cap
$2.01 billion
Rev. per Employee
$1.33M
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