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

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

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 (NYS:GME) , 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. (NAS:LKFN) replacing GameStop in the S&P SmallCap 600 (S&P:SML) .

The changes are effective Aug. 4, S&P Dow Jones Indices said in a statement. Kimco Realty Corp. (NYS:KIM) , 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. (NYS:INT) in theS&P MidCap 400 (PSE:MID) 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. (NYS:XPO) 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.

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