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.
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.