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Sept. 6, 2019, 5:55 p.m. EDT

Mallinckrodt being removed from S&P 400 as market cap shrinks

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By Wallace Witkowski

Mallinckrodt PLC /zigman2/quotes/209283217/composite MNK -0.78% will be removed from the S&P MidCap 400 index /zigman2/quotes/210599897/delayed MID -1.03% as of Sept. 23 as the pharmaceutical company no longer represents a mid-cap stock, S&P Dow Jones Indices said late Friday. Mallinckrodt shares dropped nearly 39% Thursday following a report that the company had hired restructuring advisors ahead of federal opioid trials, but bounced back nearly 18% to close Friday at $1.87 for a market cap of $157 million, according to FactSet data. Other companies leaving the mid-cap index are Signet Jewelers Ltd. /zigman2/quotes/204614427/composite SIG -1.22% and Cars.com Inc. /zigman2/quotes/210492562/composite CARS +1.52% , with companies such as Etsy Inc. /zigman2/quotes/202790087/composite ETSY -1.27% and Pilgrim's Pride Corp. /zigman2/quotes/202418877/composite PPG -0.38% joining the index, S&P Dow Jones said.

/zigman2/quotes/209283217/composite
US : U.S.: NYSE
$ 5.12
-0.04 -0.78%
Volume: 11.47M
Feb. 21, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$433.92 million
Rev. per Employee
$869,081
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/zigman2/quotes/210599897/delayed
US : S&P US
2,084.33
-21.79 -1.03%
Volume: 551.13M
Feb. 21, 2020 5:16p
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/zigman2/quotes/204614427/composite
US : U.S.: NYSE
$ 28.33
-0.35 -1.22%
Volume: 1.22M
Feb. 21, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
5.22%
Market Cap
$1.50 billion
Rev. per Employee
N/A
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/zigman2/quotes/210492562/composite
US : U.S.: NYSE
$ 12.02
+0.18 +1.52%
Volume: 1.33M
Feb. 21, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$790.46 million
Rev. per Employee
$472,948
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/zigman2/quotes/202790087/composite
US : U.S.: Nasdaq
$ 53.70
-0.69 -1.27%
Volume: 2.01M
Feb. 21, 2020 4:00p
P/E Ratio
65.58
Dividend Yield
N/A
Market Cap
$6.44 billion
Rev. per Employee
$690,724
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/zigman2/quotes/202418877/composite
US : U.S.: NYSE
$ 118.91
-0.45 -0.38%
Volume: 1.10M
Feb. 21, 2020 6:30p
P/E Ratio
22.80
Dividend Yield
1.72%
Market Cap
$28.22 billion
Rev. per Employee
$325,032
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