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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 -3.38% , Hanesbrands Inc. /zigman2/quotes/200637580/composite HBI -7.18% , and Western Union Co. /zigman2/quotes/206269665/composite WU -1.68% , which will move to the S&P MidCap 400 /zigman2/quotes/219506813/composite MID -1.16% , the index provider said.

SolarEdge /zigman2/quotes/207754270/composite SEDG +1.12% stock rose nearly 3% in the extended session after the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.61% news, while Signature Bank /zigman2/quotes/204403715/composite SBNY -2.94% and FactSet /zigman2/quotes/204586719/composite FDS -0.16% 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 -1.62% and S&P MidCap 400 indexes.

S&P SmallCap 600 constituents Macy’s Inc. /zigman2/quotes/201854387/composite M -1.39% , Vicor Corp. /zigman2/quotes/207717424/composite VICR -0.77% , and PowerIntegrations Inc. /zigman2/quotes/202936222/composite POWI -1.74% 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 +0.72% , Telephone &Data Systems Inc. /zigman2/quotes/200740609/composite TDS -0.67% , and Nektar Therapeutics /zigman2/quotes/206715615/composite NKTR 0.00% , which will move to the S&P SmallCap 600.

/zigman2/quotes/206009340/composite
US : U.S.: NYSE
$ 35.97
-1.26 -3.38%
Volume: 1.06M
Feb. 6, 2023 4:00p
P/E Ratio
15.85
Dividend Yield
4.89%
Market Cap
$4.94 billion
Rev. per Employee
N/A
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/zigman2/quotes/200637580/composite
US : U.S.: NYSE
$ 6.08
-0.47 -7.18%
Volume: 25.22M
Feb. 6, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
9.87%
Market Cap
$2.29 billion
Rev. per Employee
$105,655
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/zigman2/quotes/206269665/composite
US : U.S.: NYSE
$ 14.04
-0.24 -1.68%
Volume: 5.64M
Feb. 6, 2023 4:00p
P/E Ratio
6.64
Dividend Yield
6.70%
Market Cap
$5.51 billion
Rev. per Employee
$444,095
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/zigman2/quotes/219506813/composite
US : U.S.: NYSE Arca
$ 45.44
-0.53 -1.16%
Volume: 1,676
Feb. 6, 2023 4:10p
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/zigman2/quotes/207754270/composite
US : U.S.: Nasdaq
$ 319.55
+3.55 +1.12%
Volume: 602,306
Feb. 6, 2023 4:00p
P/E Ratio
157.67
Dividend Yield
N/A
Market Cap
$17.66 billion
Rev. per Employee
$699,165
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/zigman2/quotes/210599714/realtime
US : S&P US
4,111.08
-25.40 -0.61%
Volume: 0.00
Feb. 6, 2023 4:57p
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/zigman2/quotes/204403715/composite
US : U.S.: Nasdaq
$ 134.85
-4.08 -2.94%
Volume: 1.06M
Feb. 6, 2023 4:00p
P/E Ratio
6.49
Dividend Yield
2.08%
Market Cap
$8.74 billion
Rev. per Employee
$2.00M
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/zigman2/quotes/204586719/composite
US : U.S.: NYSE
$ 426.88
-0.68 -0.16%
Volume: 142,258
Feb. 6, 2023 4:00p
P/E Ratio
38.89
Dividend Yield
0.83%
Market Cap
$16.35 billion
Rev. per Employee
$171,738
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/zigman2/quotes/210599868/delayed
US : S&P US
1,289.63
-21.17 -1.62%
Volume: 553.74M
Feb. 6, 2023 4:57p
loading...
/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 24.12
-0.34 -1.39%
Volume: 7.21M
Feb. 6, 2023 4:00p
P/E Ratio
5.03
Dividend Yield
2.61%
Market Cap
$6.63 billion
Rev. per Employee
$289,319
loading...
/zigman2/quotes/207717424/composite
US : U.S.: Nasdaq
$ 70.01
-0.54 -0.77%
Volume: 150,424
Feb. 6, 2023 4:00p
P/E Ratio
119.11
Dividend Yield
N/A
Market Cap
$3.11 billion
Rev. per Employee
$373,775
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/zigman2/quotes/202936222/composite
US : U.S.: Nasdaq
$ 87.97
-1.56 -1.74%
Volume: 522,539
Feb. 6, 2023 4:00p
P/E Ratio
30.11
Dividend Yield
0.82%
Market Cap
$5.12 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200900273/composite
US : U.S.: NYSE
$ 47.26
+0.34 +0.72%
Volume: 130,855
Feb. 6, 2023 4:00p
P/E Ratio
46.15
Dividend Yield
0.76%
Market Cap
$3.22 billion
Rev. per Employee
$332,587
loading...
/zigman2/quotes/200740609/composite
US : U.S.: NYSE
$ 13.39
-0.09 -0.67%
Volume: 1.18M
Feb. 6, 2023 4:00p
P/E Ratio
32.59
Dividend Yield
5.38%
Market Cap
$1.43 billion
Rev. per Employee
$616,818
loading...
/zigman2/quotes/206715615/composite
US : U.S.: Nasdaq
$ 3.09
0.00 0.00%
Volume: 1.24M
Feb. 6, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$580.78 million
Rev. per Employee
$128,434
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