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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 -2.58% , Hanesbrands Inc. /zigman2/quotes/200637580/composite HBI -4.13% , and Western Union Co. /zigman2/quotes/206269665/composite WU -2.53% , which will move to the S&P MidCap 400 /zigman2/quotes/219506813/composite MID +1.93% , the index provider said.

SolarEdge /zigman2/quotes/207754270/composite SEDG -0.45% stock rose nearly 3% in the extended session after the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.18% news, while Signature Bank /zigman2/quotes/204403715/composite SBNY -3.38% and FactSet /zigman2/quotes/204586719/composite FDS -1.02% 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 -1.71% and S&P MidCap 400 indexes.

S&P SmallCap 600 constituents Macy’s Inc. /zigman2/quotes/201854387/composite M -5.90% , Vicor Corp. /zigman2/quotes/207717424/composite VICR -6.06% , and PowerIntegrations Inc. /zigman2/quotes/202936222/composite POWI -2.28% 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 -1.64% , Telephone &Data Systems Inc. /zigman2/quotes/200740609/composite TDS -0.58% , and Nektar Therapeutics /zigman2/quotes/206715615/composite NKTR -2.92% , which will move to the S&P SmallCap 600.

/zigman2/quotes/206009340/composite
US : U.S.: NYSE
$ 39.31
-1.04 -2.58%
Volume: 799,045
Jan. 20, 2022 3:56p
P/E Ratio
13.52
Dividend Yield
4.24%
Market Cap
$5.38 billion
Rev. per Employee
$240,873
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/zigman2/quotes/200637580/composite
US : U.S.: NYSE
$ 15.69
-0.67 -4.13%
Volume: 2.91M
Jan. 20, 2022 3:56p
P/E Ratio
N/A
Dividend Yield
3.78%
Market Cap
$5.71 billion
Rev. per Employee
$112,291
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/zigman2/quotes/206269665/composite
US : U.S.: NYSE
$ 18.30
-0.47 -2.53%
Volume: 4.18M
Jan. 20, 2022 3:56p
P/E Ratio
9.31
Dividend Yield
5.10%
Market Cap
$7.55 billion
Rev. per Employee
$463,555
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/zigman2/quotes/219506813/composite
US : U.S.: NYSE Arca
$ 49.89
+0.94 +1.93%
Volume: 1,978
Jan. 20, 2022 12:47p
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/zigman2/quotes/207754270/composite
US : U.S.: Nasdaq
$ 231.05
-1.04 -0.45%
Volume: 753,231
Jan. 20, 2022 3:56p
P/E Ratio
88.13
Dividend Yield
N/A
Market Cap
$12.19 billion
Rev. per Employee
$557,674
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/zigman2/quotes/210599714/realtime
US : S&P US
4,479.08
-53.68 -1.18%
Volume: 2.11B
Jan. 20, 2022 3:56p
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/zigman2/quotes/204403715/composite
US : U.S.: Nasdaq
$ 339.55
-11.88 -3.38%
Volume: 870,899
Jan. 20, 2022 3:56p
P/E Ratio
22.74
Dividend Yield
0.66%
Market Cap
$20.25 billion
Rev. per Employee
N/A
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/zigman2/quotes/204586719/composite
US : U.S.: NYSE
$ 425.13
-4.37 -1.02%
Volume: 198,155
Jan. 20, 2022 3:56p
P/E Ratio
40.78
Dividend Yield
0.76%
Market Cap
$16.23 billion
Rev. per Employee
$149,464
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/zigman2/quotes/210599868/delayed
US : S&P US
1,305.49
-22.75 -1.71%
Volume: 236.53M
Jan. 20, 2022 3:46p
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 23.78
-1.49 -5.90%
Volume: 9.12M
Jan. 20, 2022 3:56p
P/E Ratio
9.06
Dividend Yield
2.48%
Market Cap
$7.56 billion
Rev. per Employee
$309,070
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/zigman2/quotes/207717424/composite
US : U.S.: Nasdaq
$ 93.70
-6.04 -6.06%
Volume: 347,986
Jan. 20, 2022 3:56p
P/E Ratio
72.25
Dividend Yield
N/A
Market Cap
$4.37 billion
Rev. per Employee
$336,878
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/zigman2/quotes/202936222/composite
US : U.S.: Nasdaq
$ 78.69
-1.83 -2.28%
Volume: 291,617
Jan. 20, 2022 3:56p
P/E Ratio
32.36
Dividend Yield
0.75%
Market Cap
$4.86 billion
Rev. per Employee
$939,746
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/zigman2/quotes/200900273/composite
US : U.S.: NYSE
$ 34.18
-0.57 -1.64%
Volume: 41,954
Jan. 20, 2022 3:56p
P/E Ratio
38.58
Dividend Yield
1.05%
Market Cap
$2.59 billion
Rev. per Employee
$265,858
loading...
/zigman2/quotes/200740609/composite
US : U.S.: NYSE
$ 19.63
-0.12 -0.58%
Volume: 497,835
Jan. 20, 2022 3:56p
P/E Ratio
19.49
Dividend Yield
3.56%
Market Cap
$2.12 billion
Rev. per Employee
$579,674
loading...
/zigman2/quotes/206715615/composite
US : U.S.: Nasdaq
$ 11.79
-0.35 -2.92%
Volume: 1.57M
Jan. 20, 2022 3:56p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.24 billion
Rev. per Employee
$139,777
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