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Sept. 26, 2019, 5:44 p.m. EDT

Nektar, worst performing stock in S&P 500, booted from index

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By Max A. Cherney

S&P Dow Jones Indices announced late Thursday it was booting Nektar Therapeutics /zigman2/quotes/206715615/composite NKTR +1.58% from the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.06% . Nektar was the worst performing stock on the benchmark index in the past 12 months, dropping more than 70%. Nektar's earnings per share fell 112% in the second quarter, the third worst performance among companies included in the S&P 500. Nektar is set to be replaced by Las Vegas Sands Corp. /zigman2/quotes/208792014/composite LVS -2.26% , which gained more than 5% in the extended session Thursday. The change will take effect Oct. 3. Nektar stock was up 1.9% in after-hours trading Thursday and will move to the S&P MidCap 400. This is the third announced change to the S&P 500 in the past two weeks. Previously, S&P Dow Jones Indices announced that NVR Inc. /zigman2/quotes/209548385/composite NVR +0.03% and CDW Corp. /zigman2/quotes/208546399/composite CDW -0.02% would join the benchmark S&P 500.

/zigman2/quotes/206715615/composite
US : U.S.: Nasdaq
$ 21.85
+0.34 +1.58%
Volume: 1.26M
Aug. 7, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.89 billion
Rev. per Employee
$1.93M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
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/zigman2/quotes/208792014/composite
US : U.S.: NYSE
$ 44.20
-1.02 -2.26%
Volume: 5.89M
Aug. 7, 2020 4:00p
P/E Ratio
101.03
Dividend Yield
0.00%
Market Cap
$33.76 billion
Rev. per Employee
$266,583
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/zigman2/quotes/209548385/composite
US : U.S.: NYSE
$ 3,875.01
+1.03 +0.03%
Volume: 22,550
Aug. 7, 2020 4:01p
P/E Ratio
18.63
Dividend Yield
N/A
Market Cap
$14.35 billion
Rev. per Employee
$1.26M
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/zigman2/quotes/208546399/composite
US : U.S.: Nasdaq
$ 114.77
-0.02 -0.02%
Volume: 678,383
Aug. 7, 2020 4:00p
P/E Ratio
22.47
Dividend Yield
1.32%
Market Cap
$16.37 billion
Rev. per Employee
$1.80M
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