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July 28, 2021, 11:49 a.m. EDT

GameStop, Victoria’s Secret to join S&P Midcap 400

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Claudia Assis

GameStop Corp. and future standalone company Victoria’s Secret are among the additions to the S&P 400 Midcap Index, index provider S&P Dow Jones Indices said late Tuesday.

GameStop /zigman2/quotes/203755179/composite GME +14.04% , a videogame retailer that became one of the most recognizable names among the “meme stocks,” will replace Weingarten Realty Investors in the midcap index, with Lakeland Financial Corp. /zigman2/quotes/202881627/composite LKFN -0.57% replacing GameStop in the S&P SmallCap 600 /zigman2/quotes/210599868/delayed SML +0.36% .

The changes are effective Aug. 4, S&P Dow Jones Indices said in a statement. Kimco Realty Corp. /zigman2/quotes/202836571/composite KIM +2.40% , an S&P 500 index constituent, is buying Weingarten Realty in a deal expected to close on or about that date, it said.

Victoria’s Secret & Co. will replace World Fuel Services Corp. /zigman2/quotes/201809068/composite INT -1.26% in theS&P MidCap 400 /zigman2/quotes/219506813/composite MID +0.67% at the open on Aug. 4 as well, the index provider said. S&P 500 constituent L Brands is spinning off Victoria’s Secret in a deal expected to close on Aug. 3.

See also: Victoria’s Secret sees opportunities in maternity merchandise and fashion show revival

L Brands will remain in the S&P 500 under a new name, Bath & Body Works Inc., and trade on the New York Stock Exchange under the symbol BBWI.

S&P Dow Jones also said that GXO Logistics Inc. will join the S&P MidCap 400 effective Aug. 2, XPO Logistics Inc. /zigman2/quotes/205483484/composite XPO +3.96% is spinning off GXO Logistics in a transaction expected to close before Aug. 2, the index provider said. XPO Logistics will remain in the S&P MidCap 400.

/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 22.82
+2.81 +14.04%
Volume: 11.90M
Jan. 27, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.95 billion
Rev. per Employee
$496,225
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/zigman2/quotes/202881627/composite
US : U.S.: Nasdaq
$ 68.04
-0.39 -0.57%
Volume: 109,562
Jan. 27, 2023 4:00p
P/E Ratio
16.85
Dividend Yield
2.70%
Market Cap
$1.72 billion
Rev. per Employee
$483,555
loading...
/zigman2/quotes/210599868/delayed
US : S&P US
1,248.59
+4.45 +0.36%
Volume: 328.56M
Jan. 27, 2023 5:10p
loading...
/zigman2/quotes/202836571/composite
US : U.S.: NYSE
$ 22.65
+0.53 +2.40%
Volume: 3.05M
Jan. 27, 2023 4:03p
P/E Ratio
60.77
Dividend Yield
4.06%
Market Cap
$14.01 billion
Rev. per Employee
$2.83M
loading...
/zigman2/quotes/201809068/composite
US : U.S.: NYSE
$ 28.29
-0.36 -1.26%
Volume: 221,314
Jan. 27, 2023 4:00p
P/E Ratio
16.33
Dividend Yield
1.98%
Market Cap
$1.75 billion
Rev. per Employee
$12.40M
loading...
/zigman2/quotes/219506813/composite
US : U.S.: NYSE Arca
$ 44.24
+0.29 +0.67%
Volume: 914.00
Jan. 27, 2023 4:10p
loading...
/zigman2/quotes/205483484/composite
US : U.S.: NYSE
$ 39.39
+1.50 +3.96%
Volume: 1.46M
Jan. 27, 2023 4:01p
P/E Ratio
5.16
Dividend Yield
N/A
Market Cap
$4.54 billion
Rev. per Employee
$312,095
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