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Dec. 4, 2021, 10:44 a.m. EST

SolarEdge, FactSet and Signature Bank to join S&P 500 index

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By Claudia Assis

Signature Bank, SolarEdge Technologies Inc. and FactSet Research Systems Inc. will be joining the S&P 500 index later this month, S&P Dow Jones Indices said late Friday.

Out are Leggett & Platt Inc. /zigman2/quotes/206009340/composite LEG +3.16% , Hanesbrands Inc. /zigman2/quotes/200637580/composite HBI +4.18% , and Western Union Co. /zigman2/quotes/206269665/composite WU +4.90% , which will move to the S&P MidCap 400 /zigman2/quotes/219506813/composite MID +3.07% , the index provider said.

SolarEdge /zigman2/quotes/207754270/composite SEDG -1.78% stock rose nearly 3% in the extended session after the S&P 500 index /zigman2/quotes/210599714/realtime SPX +3.06% news, while Signature Bank /zigman2/quotes/204403715/composite SBNY +4.92% and FactSet /zigman2/quotes/204586719/composite FDS +0.97% shares gained 0.6% a piece. The stocks to be removed were flat.

That rebalance ensures that each index is “more representative of its market capitalization range,” S&P Dow Jones said in a statement.

The index provider also unveiled changes to its S&P SmallCap 600 /zigman2/quotes/210599868/delayed SML +3.10% and S&P MidCap 400 indexes.

S&P SmallCap 600 constituents Macy’s Inc. /zigman2/quotes/201854387/composite M +9.91% , Vicor Corp. /zigman2/quotes/207717424/composite VICR +2.27% , and PowerIntegrations Inc. /zigman2/quotes/202936222/composite POWI +3.23% will move to the S&P MidCap 400.

They will replace S&P MidCap 400 constituents Tootsie Roll Industries Inc. /zigman2/quotes/200900273/composite TR +2.79% , Telephone &Data Systems Inc. /zigman2/quotes/200740609/composite TDS -1.28% , and Nektar Therapeutics /zigman2/quotes/206715615/composite NKTR -3.13% , which will move to the S&P SmallCap 600.

/zigman2/quotes/206009340/composite
US : U.S.: NYSE
$ 36.55
+1.12 +3.16%
Volume: 1.06M
June 24, 2022 4:00p
P/E Ratio
12.35
Dividend Yield
4.82%
Market Cap
$4.88 billion
Rev. per Employee
$257,872
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/zigman2/quotes/200637580/composite
US : U.S.: NYSE
$ 10.72
+0.43 +4.18%
Volume: 8.54M
June 24, 2022 4:00p
P/E Ratio
8.22
Dividend Yield
5.60%
Market Cap
$3.74 billion
Rev. per Employee
$116,430
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/zigman2/quotes/206269665/composite
US : U.S.: NYSE
$ 16.69
+0.78 +4.90%
Volume: 5.15M
June 24, 2022 4:05p
P/E Ratio
7.34
Dividend Yield
5.63%
Market Cap
$6.44 billion
Rev. per Employee
$481,771
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/zigman2/quotes/219506813/composite
US : U.S.: NYSE Arca
$ 41.13
+1.22 +3.07%
Volume: 3,402
June 24, 2022 4:10p
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/zigman2/quotes/207754270/composite
US : U.S.: Nasdaq
$ 286.34
-5.19 -1.78%
Volume: 739,719
June 24, 2022 4:00p
P/E Ratio
92.28
Dividend Yield
N/A
Market Cap
$15.86 billion
Rev. per Employee
$558,390
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/zigman2/quotes/210599714/realtime
US : S&P US
3,911.74
+116.01 +3.06%
Volume: 3.46B
June 24, 2022 5:05p
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/zigman2/quotes/204403715/composite
US : U.S.: Nasdaq
$ 192.14
+9.01 +4.92%
Volume: 1.15M
June 24, 2022 4:00p
P/E Ratio
11.25
Dividend Yield
1.17%
Market Cap
$12.09 billion
Rev. per Employee
$1.33M
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/zigman2/quotes/204586719/composite
US : U.S.: NYSE
$ 392.52
+3.76 +0.97%
Volume: 581,596
June 24, 2022 4:00p
P/E Ratio
38.55
Dividend Yield
0.91%
Market Cap
$14.88 billion
Rev. per Employee
$161,264
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/zigman2/quotes/210599868/delayed
US : S&P US
1,152.32
+34.65 +3.10%
Volume: 891.68M
June 24, 2022 5:05p
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 20.96
+1.89 +9.91%
Volume: 50.96M
June 24, 2022 4:00p
P/E Ratio
3.98
Dividend Yield
3.01%
Market Cap
$5.65 billion
Rev. per Employee
$292,211
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/zigman2/quotes/207717424/composite
US : U.S.: Nasdaq
$ 60.37
+1.34 +2.27%
Volume: 235,436
June 24, 2022 4:00p
P/E Ratio
58.34
Dividend Yield
N/A
Market Cap
$2.65 billion
Rev. per Employee
$349,416
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/zigman2/quotes/202936222/composite
US : U.S.: Nasdaq
$ 76.01
+2.38 +3.23%
Volume: 839,224
June 24, 2022 4:00p
P/E Ratio
27.16
Dividend Yield
0.95%
Market Cap
$4.43 billion
Rev. per Employee
$920,684
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/zigman2/quotes/200900273/composite
US : U.S.: NYSE
$ 34.94
+0.95 +2.79%
Volume: 555,610
June 24, 2022 4:00p
P/E Ratio
35.76
Dividend Yield
1.00%
Market Cap
$4.46 billion
Rev. per Employee
$304,092
loading...
/zigman2/quotes/200740609/composite
US : U.S.: NYSE
$ 16.18
-0.21 -1.28%
Volume: 1.89M
June 24, 2022 4:00p
P/E Ratio
18.38
Dividend Yield
4.45%
Market Cap
$1.74 billion
Rev. per Employee
$605,227
loading...
/zigman2/quotes/206715615/composite
US : U.S.: Nasdaq
$ 4.03
-0.13 -3.13%
Volume: 24.40M
June 24, 2022 4:15p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$750.68 million
Rev. per Employee
$139,300
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