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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 -0.90% 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 -3.13% , Zebra Technologies Corp. /zigman2/quotes/201850708/composite ZBRA -0.65% and Steris PLC /zigman2/quotes/203973646/composite STE -0.34% 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 -2.68% , Affiliated Managers Group Inc. /zigman2/quotes/209583132/composite AMG -3.00% and The Macerich Co. /zigman2/quotes/203054096/composite MAC -2.69% "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
3,295.47
-30.07 -0.90%
Volume: 2.11B
Jan. 24, 2020 5:00p
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/zigman2/quotes/203077299/composite
US : U.S.: NYSE
$ 72.02
-2.33 -3.13%
Volume: 1.32M
Jan. 24, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$15.39 billion
Rev. per Employee
$1.14M
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/zigman2/quotes/201850708/composite
US : U.S.: Nasdaq
$ 252.70
-1.66 -0.65%
Volume: 223,678
Jan. 24, 2020 4:00p
P/E Ratio
28.12
Dividend Yield
N/A
Market Cap
$13.63 billion
Rev. per Employee
$568,243
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/zigman2/quotes/203973646/composite
US : U.S.: NYSE
$ 151.29
-0.52 -0.34%
Volume: 486,483
Jan. 24, 2020 6:30p
P/E Ratio
38.52
Dividend Yield
0.98%
Market Cap
$12.83 billion
Rev. per Employee
$227,494
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/zigman2/quotes/206118480/composite
US : U.S.: Nasdaq
$ 29.74
-0.82 -2.68%
Volume: 2.76M
Jan. 24, 2020 4:00p
P/E Ratio
35.78
Dividend Yield
0.00%
Market Cap
$4.15 billion
Rev. per Employee
$479,798
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/zigman2/quotes/209583132/composite
US : U.S.: NYSE
$ 82.91
-2.56 -3.00%
Volume: 378,812
Jan. 24, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
1.54%
Market Cap
$4.09 billion
Rev. per Employee
$540,629
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/zigman2/quotes/203054096/composite
US : U.S.: NYSE
$ 25.00
-0.69 -2.69%
Volume: 1.97M
Jan. 24, 2020 6:30p
P/E Ratio
28.39
Dividend Yield
12.00%
Market Cap
$3.53 billion
Rev. per Employee
$1.33M
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