Pegasystems Set to Join S&P MidCap 400

Rhea-AI Summary

Pegasystems (PEGA) is set to join the S&P MidCap 400 index, replacing Nordstrom (JWN) effective prior to market opening on May 22, 2025. The change comes as Nordstrom is being acquired by the Nordstrom family and El Puerto de Liverpool S.A.B. de C.V. in a deal expected to close on May 20. Pegasystems, classified under the Information Technology sector, will take Nordstrom's place, which was previously listed under the Consumer Discretionary sector in the index.

Positive

• Inclusion in S&P MidCap 400 index increases PEGA's visibility to investors
• Addition to the index typically leads to increased demand from index funds
• Potential for improved trading liquidity due to index inclusion

Negative

• None.

NEW YORK, May 19, 2025 /PRNewswire/ -- Pegasystems Inc. (NASD: PEGA) will replace Nordstrom Inc. (NYSE: JWN) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 22. The Nordstrom family and El Puerto de Liverpool S.A.B. de C.V. (BMV: LIVEPOL) are acquiring Nordstrom in a deal expected to be completed on May 20.

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
May 22, 2025	S&P MidCap 400	Addition	Pegasystems	PEGA	Information Technology
May 22, 2025	S&P MidCap 400	Deletion	Nordstrom	JWN	Consumer Discretionary

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View original content:https://www.prnewswire.com/news-releases/pegasystems-set-to-join-sp-midcap-400-302459606.html

SOURCE S&P Dow Jones Indices

FAQ

When will Pegasystems (PEGA) join the S&P MidCap 400 index?

Pegasystems will join the S&P MidCap 400 index prior to the opening of trading on Thursday, May 22, 2025.

Why is Nordstrom (JWN) being removed from the S&P MidCap 400?

Nordstrom is being removed because it's being acquired by the Nordstrom family and El Puerto de Liverpool S.A.B. de C.V., with the deal expected to close on May 20, 2025.

What sector does PEGA represent in the S&P MidCap 400?

Pegasystems represents the Information Technology sector in the S&P MidCap 400 index.

What are the potential benefits for PEGA stock joining the S&P MidCap 400?

Benefits include increased visibility to investors, potential increased demand from index funds, and possibly improved trading liquidity.