IPG Photonics to replace Scripps on S&P 500

IPG Photonics Corp. /zigman2/quotes/203325788/composite IPGP +0.04% will join the S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.42% replacing shares of Scripps Networks Interactive Inc. , according to S&P Dow Jones Indices late Friday. IPG, which makes lasers and laser equipment used in the materials industry, will replace Scripps before the market opens on March 7, S&P said. Scripps is being acquired by Discovery Communications Inc. /zigman2/quotes/201842100/composite DISCK +3.99% /zigman2/quotes/200511275/composite DISCA +4.45% . Shares of IPG were down 0.1% after hours.

/zigman2/quotes/203325788/composite

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IPG Photonics Corp.

US : U.S.: Nasdaq

$ 162.47

+0.07 +0.04%

Volume: 272,091

Dec. 2, 2021 4:00p

P/E Ratio

33.39

Dividend Yield

N/A

Market Cap

$8.66 billion

Rev. per Employee

$198,139

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

4,577.10

+64.06 +1.42%

Volume: 2.80B

Dec. 2, 2021 5:08p

/zigman2/quotes/201842100/composite

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Discovery Inc. Series C

US : U.S.: Nasdaq

$ 22.67

+0.87 +3.99%

Volume: 4.92M

Dec. 2, 2021 4:00p

P/E Ratio

12.17

Dividend Yield

N/A

Market Cap

$11.19 billion

Rev. per Employee

$1.09M

/zigman2/quotes/200511275/composite

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Discovery Inc. Series A

US : U.S.: Nasdaq

$ 23.25

+0.99 +4.45%

Volume: 8.92M

Dec. 2, 2021 4:00p

P/E Ratio

12.48

Dividend Yield

N/A

Market Cap

$11.19 billion

Rev. per Employee

$1.09M