Maplebear Set to Join S&P MidCap 400; Enovis to Join S&P SmallCap 600

Rhea-AI Summary

Maplebear (NASD: CART) will join the S&P MidCap 400 and Enovis (NYSE: ENOV) will join the S&P SmallCap 600 effective before trading on January 14, 2025. CONSOL Energy is acquiring Arch Resources and will be renamed Core Natural Resources with ticker CNR upon closing.

The table of index changes lists additions and deletions for the two indices and the effective date of January 14, 2025.

AI-generated analysis. Not financial advice.

Positive

• Index inclusion for Maplebear in S&P MidCap 400 effective January 14, 2025
• Index inclusion for Enovis in S&P SmallCap 600 effective January 14, 2025
• Acquisition completes rebranding: CONSOL to Core Natural Resources with ticker CNR

Negative

• Arch Resources removed from S&P SmallCap 600 effective January 14, 2025
• Enovis removed from S&P MidCap 400, a potential index-transition impact

Key Figures

Effective date: January 14, 2025 Index level: S&P MidCap 400 Index level: S&P SmallCap 600

3 metrics

Effective date January 14, 2025 Index changes for Maplebear, Enovis, and Arch Resources

Index level S&P MidCap 400 Maplebear added; Enovis removed from this index

Index level S&P SmallCap 600 Enovis added; Arch Resources removed from this index

Market Reality Check

Price: $134.81 Vol: Volume 1,841,945 is about...

high vol

$134.81 Last Close

Volume Volume 1,841,945 is about 4.23x the 20-day average of 435,220, indicating unusually heavy trading ahead of the index removal tied to the pending acquisition. high

Technical Trading 28.14% below its 52-week high of 187.6 and below the 200-day MA at 149.87, while still 15.78% above the 52-week low of 116.44.

Peers on Argus

No sector peers with notable momentum were flagged, suggesting ARCH’s elevated v...

No sector peers with notable momentum were flagged, suggesting ARCH’s elevated volume and move are stock-specific around the announced acquisition and index removal.

Market Pulse Summary

This announcement centers on Arch Resources’ pending removal from the S&P SmallCap 600 as CONSOL Ene...

Analysis

This announcement centers on Arch Resources’ pending removal from the S&P SmallCap 600 as CONSOL Energy acquires the company, with the index changes effective on January 14, 2025. The news highlights a shift in index membership rather than standalone fundamentals. ARCH’s elevated trading volume at 4.23x its 20-day average and its position 28.14% below the 52-week high underline that investors may focus on deal completion, timing, and post-merger dynamics when assessing this development.

Key Terms

s&p midcap 400, s&p smallcap 600, gics sector

3 terms

s&p midcap 400 financial

"January 14, 2025 | S&P MidCap 400 | Addition | Maplebear | CART"

The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.

s&p smallcap 600 financial

"January 14, 2025 | S&P SmallCap 600 | Addition | Enovis | ENOV"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

gics sector financial

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. Not financial advice.

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NEW YORK, Jan. 7, 2025 /PRNewswire/ -- Maplebear Inc. (NASD: CART) will replace Enovis Corp. (NYSE: ENOV) in the S&P MidCap 400, and Enovis will replace Arch Resources Inc. (NYSE: ARCH) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, January 14. S&P SmallCap 600 constituent CONSOL Energy Inc. (NYSE: CEIX) is acquiring Arch Resources in a deal expected to be completed soon, pending final closing conditions. Following completion of the merger, CONSOL Energy will be renamed Core Natural Resources Inc., and its ticker will change to CNR.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
January 14, 2025	S&P MidCap 400	Addition	Maplebear	CART	Consumer Staples
January 14, 2025	S&P MidCap 400	Deletion	Enovis	ENOV	Health Care
January 14, 2025	S&P SmallCap 600	Addition	Enovis	ENOV	Health Care
January 14, 2025	S&P SmallCap 600	Deletion	Arch Resources	ARCH	Materials

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View original content:https://www.prnewswire.com/news-releases/maplebear-set-to-join-sp-midcap-400-enovis-to-join-sp-smallcap-600-302345055.html

SOURCE S&P Dow Jones Indices

FAQ

When will Core Natural Resources (CNR) ticker change take effect?

The ticker change to CNR will occur following completion of the merger. According to S&P Dow Jones Indices, CONSOL Energy will be renamed Core Natural Resources and adopt ticker CNR once the acquisition of Arch Resources closes.

What index changes affect CNR, Enovis (ENOV), and Maplebear (CART) on January 14, 2025?

On January 14, 2025, Maplebear joins the S&P MidCap 400 and Enovis joins the S&P SmallCap 600. According to S&P Dow Jones Indices, corresponding deletions are Enovis from MidCap 400 and Arch Resources from SmallCap 600.

Why is Arch Resources (ARCH) being removed from the S&P SmallCap 600?

Arch Resources is being removed because CONSOL Energy is acquiring Arch Resources. According to S&P Dow Jones Indices, the pending acquisition will lead to Arch's deletion and CONSOL's subsequent renaming to Core Natural Resources.

How will Enovis (ENOV) index move affect investors ahead of January 14, 2025?

Enovis will transfer from the S&P MidCap 400 to the S&P SmallCap 600 effective January 14, 2025. According to S&P Dow Jones Indices, this index reclassification may alter passive fund tracking and liquidity positioning for ENOV shares.

What official source confirms the January 14, 2025 index reconstitutions affecting CNR?

S&P Dow Jones Indices confirms the effective date and constituent changes for January 14, 2025. According to S&P Dow Jones Indices, the table of additions and deletions lists Maplebear, Enovis, and Arch Resources with the stated actions.