DocuSign Set to Join S&P MidCap 400 and MDU Resources Group to Join S&P SmallCap 600

Rhea-AI Summary

S&P Dow Jones Indices announced index changes effective prior to the open on Oct 11, 2024. DocuSign (DOCU) will be added to the S&P MidCap 400, MDU Resources (MDU) will move from the MidCap 400 to the S&P SmallCap 600, and Chuy's Holdings (CHUY) will be deleted from the SmallCap 600.

The release notes Darden Restaurants (DRI) is acquiring Chuy's, pending final closing conditions, and MDU Resources announced an intended spin-off later this month.

Positive

• DocuSign added to S&P MidCap 400 on Oct 11, 2024
• MDU Resources added to S&P SmallCap 600 on Oct 11, 2024
• Index changes take effect prior to trading on Oct 11, 2024

Negative

• Chuy's deleted from S&P SmallCap 600 due to pending acquisition
• MDU Resources announced an intended spin-off later in October 2024

Market Context

This announcement details DOCU’s upcoming addition to the S&P MidCap 400, a change that can influenc...

Analysis

This announcement details DOCU’s upcoming addition to the S&P MidCap 400, a change that can influence index-tracking funds and broaden the shareholder base. Contextually, DOCU has recently emphasized AI-driven products and capital returns, while the share price remains below its 200-day MA. Investors may watch how assets tracking S&P indices adjust around Oct 11, 2024, alongside ongoing insider activity and future product or earnings updates.

Key Figures

Index change effective date: Oct 11, 2024 First index year: 1884

2 metrics

Index change effective date Oct 11, 2024 Effective prior to market open for S&P index changes

First index year 1884 Year Charles Dow created the first index

Historical Context

5 past events · Latest: Mar 31 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 31	Product integration	Positive	+0.3%	Slackbot integration to manage agreement workflows directly within Slack.
Mar 25	AI product launch	Positive	+0.3%	AI contract review assistant to analyze terms and streamline negotiations.
Mar 24	Industry recognition	Positive	-5.4%	Fast Company recognition for Intelligent Agreement Management platform innovations.
Mar 17	Earnings and buyback	Positive	+2.9%	Strong Q4 and FY results plus $2.0B share repurchase increase.
Feb 24	Earnings scheduling	Neutral	+1.0%	Announcement of timing and details for Q4 earnings call and webcast.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent DOCU news has usually led to modest positive reactions, with one notable divergence on a recognition/branding headline.

Recent Company History

Over the past several months, DOCU’s news flow has centered on product innovation, recognition, and capital returns. An earnings release on Mar 17, 2026 highlighted revenue of $836.9M for Q4 and a $2.0B repurchase increase, and the stock rose 2.86%. AI and workflow integrations announced on Mar 25 and Mar 31, 2026 produced small positive moves. A Fast Company innovation accolade on Mar 24, 2026 saw a -5.39% decline, showing not all positive headlines translate into gains.

Key Terms

s&p midcap 400, s&p smallcap 600, s&p 500, dow jones industrial average, +1 more

5 terms

s&p midcap 400 financial

"Oct 11, 2024 | S&P MidCap 400 | Addition | DocuSign | DOCU"

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

"Oct 11, 2024 | S&P SmallCap 600 | Addition | MDU Resources Group"

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.

s&p 500 financial

"S&P 500 constituent Darden Restaurants Inc. (NYSE: DRI) is acquiring"

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

View in glossary

dow jones industrial average financial

"such as the S&P 500® and the Dow Jones Industrial Average®."

A stock market index that tracks the share prices of a small group of large, well-known companies to give a quick snapshot of how the broader market is doing. Think of it like a thermometer for the stock market: it uses a handful of heavyweight firms as representative samples to show whether investor sentiment is rising or falling, which helps investors gauge market trends and compare performance over time.

View in glossary

gics sector financial

"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. How Rhea-AI works. Not financial advice.

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NEW YORK, Oct. 7, 2024 /PRNewswire/ -- DocuSign Inc. (NASD:DOCU) will replace MDU Resources Group Inc. (NYSE:MDU) in the S&P MidCap 400, and MDU Resources Group will replace Chuy's Holdings Inc. (NASD:CHUY) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 11. S&P 500 constituent Darden Restaurants Inc. (NYSE: DRI) is acquiring Chuy's Holdings in a deal expected to be completed soon, pending final closing conditions. MDU Resources announced its intention to spin-off a company later this month.

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
Oct 11, 2024	S&P MidCap 400	Addition	DocuSign	DOCU	Information Technology
Oct 11, 2024	S&P MidCap 400	Deletion	MDU Resources Group	MDU	Industrials
Oct 11, 2024	S&P SmallCap 600	Addition	MDU Resources Group	MDU	Industrials
Oct 11, 2024	S&P SmallCap 600	Deletion	Chuy's Holdings	CHUY	Consumer Discretionary

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/docusign-set-to-join-sp-midcap-400-and-mdu-resources-group-to-join-sp-smallcap-600-302269292.html

SOURCE S&P Dow Jones Indices

FAQ

What index changes affect DocuSign (DOCU) on Oct 11, 2024?

DocuSign (DOCU) will be added to the S&P MidCap 400 effective Oct 11, 2024. According to S&P Dow Jones Indices, the change is scheduled prior to the open of trading and will replace MDU Resources in the MidCap 400.

Why is MDU Resources (MDU) moving to the S&P SmallCap 600 on Oct 11, 2024?

MDU Resources (MDU) will be added to the S&P SmallCap 600 effective Oct 11, 2024. According to S&P Dow Jones Indices, MDU is deleted from the MidCap 400 and inserted into the SmallCap 600 the same effective date.

What happens to Chuy's Holdings (CHUY) in the S&P SmallCap 600 on Oct 11, 2024?

Chuy's Holdings (CHUY) will be deleted from the S&P SmallCap 600 effective Oct 11, 2024. According to S&P Dow Jones Indices, the deletion follows an acquisition by Darden Restaurants that is pending final closing conditions.

Does the Darden Restaurants (DRI) acquisition affect CHUY's index membership?

Yes. Chuy's deletion from the SmallCap 600 is tied to its pending acquisition by Darden Restaurants. According to S&P Dow Jones Indices, the acquisition is expected to complete soon, subject to final closing conditions.

When do the DocuSign, MDU, and Chuy's index changes take effect?

All index changes take effect prior to the open of trading on Oct 11, 2024. According to S&P Dow Jones Indices, additions and deletions are scheduled to occur before markets open on that date.

What corporate action did MDU Resources announce ahead of its index move (MDU)?

MDU Resources announced its intention to spin off a company later in October 2024. According to S&P Dow Jones Indices, the spin-off intention was disclosed ahead of MDU's move to the SmallCap 600.