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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 +1.60% 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 +4.58% , Zebra Technologies Corp. /zigman2/quotes/201850708/composite ZBRA +2.71% and Steris PLC /zigman2/quotes/203973646/composite STE +1.76% 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 +2.06% , Affiliated Managers Group Inc. /zigman2/quotes/209583132/composite AMG +1.65% and The Macerich Co. /zigman2/quotes/203054096/composite MAC +0.15% "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
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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/zigman2/quotes/203077299/composite
US : U.S.: NYSE
$ 53.24
+2.33 +4.58%
Volume: 1.74M
Sept. 25, 2020 4:03p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$11.57 billion
Rev. per Employee
$1.14M
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/zigman2/quotes/201850708/composite
US : U.S.: Nasdaq
$ 257.46
+6.79 +2.71%
Volume: 250,591
Sept. 25, 2020 4:00p
P/E Ratio
28.33
Dividend Yield
N/A
Market Cap
$13.73 billion
Rev. per Employee
$568,243
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/zigman2/quotes/203973646/composite
US : U.S.: NYSE
$ 170.21
+2.95 +1.76%
Volume: 537,750
Sept. 25, 2020 4:00p
P/E Ratio
35.46
Dividend Yield
0.94%
Market Cap
$14.48 billion
Rev. per Employee
$227,494
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/zigman2/quotes/206118480/composite
US : U.S.: Nasdaq
$ 19.32
+0.39 +2.06%
Volume: 1.42M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$2.60 billion
Rev. per Employee
$479,798
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/zigman2/quotes/209583132/composite
US : U.S.: NYSE
$ 64.73
+1.05 +1.65%
Volume: 261,928
Sept. 25, 2020 4:00p
P/E Ratio
25.96
Dividend Yield
0.06%
Market Cap
$3.01 billion
Rev. per Employee
$540,629
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/zigman2/quotes/203054096/composite
US : U.S.: NYSE
$ 6.76
+0.01 +0.15%
Volume: 3.45M
Sept. 25, 2020 4:00p
P/E Ratio
10.36
Dividend Yield
8.88%
Market Cap
$1.08 billion
Rev. per Employee
$1.33M
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