Crescent Energy Set to Join S&P SmallCap 600

Rhea-AI Summary

Perficient (NASD:PRFT) will be removed from the S&P SmallCap 600 and Crescent Energy (NYSE:CRGY) will be added effective prior to the open on October 4, 2024. The change reflects an index reconstitution: Crescent Energy is added to the SmallCap 600 and Perficient is deleted.

EQT Group is reported to be acquiring Perficient, with the transaction expected to close pending final conditions.

AI-generated analysis. Not financial advice.

Key Figures

Index size: 600

1 metrics

Index size 600 Number of constituents in S&P SmallCap 600 index

Market Reality Check

Price: $75.96 Vol: Volume 2,869,233 is 6.3x ...

high vol

$75.96 Last Close

Volume Volume 2,869,233 is 6.3x the 20-day average of 455,741. high

Technical Price 75.96 is trading above the 200-day MA at 68.21 and near the 52-week high of 76.01.

Market Pulse Summary

This announcement highlights that Perficient (PRFT) is slated for removal from the S&P SmallCap 600 ...

Analysis

This announcement highlights that Perficient (PRFT) is slated for removal from the S&P SmallCap 600 as Crescent Energy joins the index, reflecting the impact of the pending EQT Group acquisition. With PRFT trading above its 200-day MA of 68.21 and near a 76.01 52-week high on volume of 2,869,233 shares, investors may focus on deal completion, index rebalancing flows, and any further transaction updates as key reference points.

Key Terms

s&p smallcap 600, gics sector

2 terms

s&p smallcap 600 financial

"Crescent Energy Co. (NYSE:CRGY) will replace Perficient Inc. (NASD:PRFT) in the S&P SmallCap 600"

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.

NEW YORK, Oct. 1, 2024 /PRNewswire/ -- Crescent Energy Co. (NYSE:CRGY) will replace Perficient Inc. (NASD:PRFT) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 4. EQT Group is acquiring Perficient in a deal expected to close soon pending final conditions.

Following is a summary of the change 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 4, 2024	S&P SmallCap 600	Addition	Crescent Energy	CRGY	Energy
	S&P SmallCap 600	Deletion	Perficient	PRFT	Information Technology

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View original content:https://www.prnewswire.com/news-releases/crescent-energy-set-to-join-sp-smallcap-600-302264814.html

SOURCE S&P Dow Jones Indices

FAQ

Why is Perficient (PRFT) being removed from the S&P SmallCap 600 on October 4, 2024?

Perficient (PRFT) is removed due to an index reconstitution ahead of October 4, 2024. According to S&P Dow Jones Indices, index additions and deletions occur to maintain index eligibility and reflect recent corporate events.

What does Crescent Energy (CRGY) joining the S&P SmallCap 600 mean for shareholders on October 4, 2024?

Crescent Energy (CRGY) will be added to the S&P SmallCap 600 prior to market open on October 4, 2024. According to S&P Dow Jones Indices, inclusion may increase passive fund demand from index trackers and ETFs that follow the SmallCap 600.

Will the EQT acquisition of Perficient impact PRFT listing status after October 4, 2024?

The EQT acquisition is expected to close pending final conditions and is linked to Perficient's deletion from the index. According to S&P Dow Jones Indices, corporate transactions often trigger index removals once outcome is certain or effective.

When exactly does the index change for PRFT and CRGY take effect on October 4, 2024?

The index change takes effect prior to the opening of trading on October 4, 2024. According to S&P Dow Jones Indices, additions and deletions are implemented before the market opens on the effective date stated.

How can investors verify the S&P SmallCap 600 change for PRFT and CRGY announced October 1, 2024?

Investors can confirm the change on the S&P Dow Jones Indices website and official index notices. According to S&P Dow Jones Indices, the index provider publishes effective-date tables and lists showing additions and deletions.