Hims & Hers Health Set to Join S&P SmallCap 600

Rhea-AI Summary

Hims & Hers Health (NYSE:HIMS) is set to join the S&P SmallCap 600 index, replacing Vector Group (NYSE:VGR), effective prior to the opening of trading on Wednesday, October 9, 2024. This change is due to JT Group's pending acquisition of Vector Group. The addition of Hims & Hers Health to the index represents a shift in the Health Care sector, while Vector Group's deletion removes a Consumer Staples component.

The S&P SmallCap 600 is part of the S&P Dow Jones Indices, which is the largest global resource for essential index-based concepts, data, and research. S&P Dow Jones Indices, a division of S&P Global (NYSE: SPGI), is known for iconic financial market indicators such as the S&P 500® and the Dow Jones Industrial Average®.

Positive

• Inclusion in the S&P SmallCap 600 index, potentially increasing visibility and investor interest
• Recognition as a notable player in the Health Care sector

Negative

• None.

NEW YORK, Oct. 4, 2024 /PRNewswire/ -- Hims & Hers Health, Inc. (NYSE:HIMS) will replace Vector Group Ltd (NYSE:VGR) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 9. JT Group is acquiring Vector Group in a deal expected to close soon pending final conditions.

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
October 9, 2024	S&P SmallCap 600	Addition	Hims & Hers Health	HIMS	Health Care
	S&P SmallCap 600	Deletion	Vector Group	VGR	Consumer Staples

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/hims--hers-health-set-to-join-sp-smallcap-600-302268069.html

SOURCE S&P Dow Jones Indices

FAQ

When will Hims & Hers Health (HIMS) join the S&P SmallCap 600 index?

Hims & Hers Health (HIMS) is set to join the S&P SmallCap 600 index effective prior to the opening of trading on Wednesday, October 9, 2024.

Which company is Hims & Hers Health (HIMS) replacing in the S&P SmallCap 600?

Hims & Hers Health (HIMS) will replace Vector Group (NYSE:VGR) in the S&P SmallCap 600 index.

Why is Vector Group (VGR) being removed from the S&P SmallCap 600?

Vector Group (VGR) is being removed from the S&P SmallCap 600 because JT Group is acquiring Vector Group in a deal expected to close soon pending final conditions.

What sector does Hims & Hers Health (HIMS) represent in the S&P SmallCap 600?

Hims & Hers Health (HIMS) represents the Health Care sector in the S&P SmallCap 600 index.