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 -0.81% , Hanesbrands Inc. /zigman2/quotes/200637580/composite HBI -2.01% , and Western Union Co. /zigman2/quotes/206269665/composite WU -0.19% , which will move to the S&P MidCap 400 /zigman2/quotes/219506813/composite MID -0.16% , the index provider said.

SolarEdge /zigman2/quotes/207754270/composite SEDG -5.15% stock rose nearly 3% in the extended session after the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.38% news, while Signature Bank /zigman2/quotes/204403715/composite SBNY -3.30% and FactSet /zigman2/quotes/204586719/composite FDS -0.13% 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 -0.97% and S&P MidCap 400 indexes.

S&P SmallCap 600 constituents Macy’s Inc. /zigman2/quotes/201854387/composite M -5.18% , Vicor Corp. /zigman2/quotes/207717424/composite VICR -3.80% , and PowerIntegrations Inc. /zigman2/quotes/202936222/composite POWI -0.18% 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 +0.98% , Telephone &Data Systems Inc. /zigman2/quotes/200740609/composite TDS +0.71% , and Nektar Therapeutics /zigman2/quotes/206715615/composite NKTR -2.97% , which will move to the S&P SmallCap 600.

/zigman2/quotes/206009340/composite
US : U.S.: NYSE
$ 39.00
-0.32 -0.81%
Volume: 118,962
Jan. 21, 2022 10:21a
P/E Ratio
13.39
Dividend Yield
4.28%
Market Cap
$5.24 billion
Rev. per Employee
$240,873
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/zigman2/quotes/200637580/composite
US : U.S.: NYSE
$ 15.39
-0.32 -2.01%
Volume: 620,862
Jan. 21, 2022 10:22a
P/E Ratio
N/A
Dividend Yield
3.88%
Market Cap
$5.48 billion
Rev. per Employee
$112,291
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/zigman2/quotes/206269665/composite
US : U.S.: NYSE
$ 18.23
-0.03 -0.19%
Volume: 875,573
Jan. 21, 2022 10:22a
P/E Ratio
9.25
Dividend Yield
5.14%
Market Cap
$7.34 billion
Rev. per Employee
$463,555
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/zigman2/quotes/219506813/composite
US : U.S.: NYSE Arca
$ 48.13
-0.08 -0.16%
Volume: 218.00
Jan. 21, 2022 9:30a
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/zigman2/quotes/207754270/composite
US : U.S.: Nasdaq
$ 219.41
-11.91 -5.15%
Volume: 137,259
Jan. 21, 2022 10:21a
P/E Ratio
84.54
Dividend Yield
N/A
Market Cap
$12.15 billion
Rev. per Employee
$557,674
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/zigman2/quotes/210599714/realtime
US : S&P US
4,420.82
-61.91 -1.38%
Volume: 651.39M
Jan. 21, 2022 10:22a
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/zigman2/quotes/204403715/composite
US : U.S.: Nasdaq
$ 328.78
-11.22 -3.30%
Volume: 289,550
Jan. 21, 2022 10:21a
P/E Ratio
22.02
Dividend Yield
0.68%
Market Cap
$19.59 billion
Rev. per Employee
$1.40M
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/zigman2/quotes/204586719/composite
US : U.S.: NYSE
$ 425.07
-0.54 -0.13%
Volume: 24,461
Jan. 21, 2022 10:20a
P/E Ratio
40.32
Dividend Yield
0.77%
Market Cap
$16.09 billion
Rev. per Employee
$149,464
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/zigman2/quotes/210599868/delayed
US : S&P US
1,287.51
-12.60 -0.97%
Volume: 56.87M
Jan. 21, 2022 10:12a
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/zigman2/quotes/201854387/composite
US : U.S.: NYSE
$ 22.60
-1.24 -5.18%
Volume: 2.20M
Jan. 21, 2022 10:22a
P/E Ratio
8.62
Dividend Yield
2.60%
Market Cap
$7.13 billion
Rev. per Employee
$309,070
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/zigman2/quotes/207717424/composite
US : U.S.: Nasdaq
$ 90.42
-3.57 -3.80%
Volume: 62,415
Jan. 21, 2022 10:21a
P/E Ratio
69.23
Dividend Yield
N/A
Market Cap
$4.11 billion
Rev. per Employee
$336,878
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/zigman2/quotes/202936222/composite
US : U.S.: Nasdaq
$ 78.22
-0.14 -0.18%
Volume: 46,517
Jan. 21, 2022 10:22a
P/E Ratio
31.92
Dividend Yield
0.76%
Market Cap
$4.73 billion
Rev. per Employee
$939,746
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/zigman2/quotes/200900273/composite
US : U.S.: NYSE
$ 34.57
+0.34 +0.98%
Volume: 13,938
Jan. 21, 2022 10:13a
P/E Ratio
38.78
Dividend Yield
1.04%
Market Cap
$2.57 billion
Rev. per Employee
$265,858
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/zigman2/quotes/200740609/composite
US : U.S.: NYSE
$ 19.76
+0.14 +0.71%
Volume: 81,961
Jan. 21, 2022 10:21a
P/E Ratio
19.62
Dividend Yield
3.53%
Market Cap
$2.11 billion
Rev. per Employee
$579,674
loading...
/zigman2/quotes/206715615/composite
US : U.S.: Nasdaq
$ 11.43
-0.35 -2.97%
Volume: 280,738
Jan. 21, 2022 10:22a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.17 billion
Rev. per Employee
$139,777
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