Universal Technical Institute and Peloton Interactive Set to Join S&P SmallCap 600

Universal Technical Institute (NYSE: UTI) and Peloton Interactive (NASD: PTON) will join the S&P SmallCap 600 effective before market open on May 27, 2026.

Rhea-AI Summary

Universal Technical Institute (NYSE: UTI) and Peloton Interactive (NASD: PTON) will join the S&P SmallCap 600 effective before market open on May 27, 2026. UTI will replace Veris Residential (VRE), which is being acquired, while PTON will replace Enviri (NVRI), which is spinning off assets and then being acquired.

Positive

• UTI added to S&P SmallCap 600 effective May 27, 2026
• PTON added to S&P SmallCap 600 effective May 27, 2026

Negative

• Veris Residential (VRE) removed from S&P SmallCap 600 on May 27, 2026
• Enviri (NVRI) removed from S&P SmallCap 600 on May 27, 2026

Argus May 22 session

+10.23% close to close Open Argus

Details

News Market Reaction – PTON

On May 22, the first trading day after this news, PTON closed 10.23% above the previous close.

Data tracked by StockTitan Argus for the May 22 session.

Key Figures

Effective date: May 27, 2026 Index size: 600 Index creation year: 1884

Effective date

May 27, 2026

Date PTON joins S&P SmallCap 600

Index size

600

S&P SmallCap 600 index name

Index creation year

1884

Year Charles Dow invented first index

Historical Context

5 past events · Latest: May 07

5 events

1. May 07

   Q3 FY2026 earnings

   24h Move

   +8.8%

   Stronger profitability, higher free cash flow and outlook raise drove gains.

2. Apr 27

   Strategic partnership

   24h Move

   +2.5%

   Spotify deal expanding distribution of 1,400+ fitness classes globally.

3. Apr 23

   Earnings date set

   24h Move

   +4.7%

   Announcement of Q3 earnings release and call timing supported interest.

4. Apr 14

   Brand campaign launch

   24h Move

   +0.8%

   New “Let Yourself Go” campaign promoting Tread+ cross-training usage.

5. Mar 17

   Leadership appointment

   24h Move

   +6.7%

   New content and member development chief for connected wellness focus.

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

Key Terms

s&p smallcap 600, index, gics sector, s&p 500, +1 more

5 terms

s&p smallcap 600 financial

"Universal Technical Institute and Peloton Interactive Set to Join 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.

index financial

"S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600"

An index is a single number that tracks the combined performance of a group of stocks, bonds or other assets, acting like a market scorecard or thermometer for a particular industry, country or investment style. Investors use indexes to judge how a market or sector is doing, compare fund managers, and build or measure portfolios, since many funds aim to match or beat an index’s return.

View in glossary

gics sector technical

"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.

s&p 500 financial

"home to iconic financial market indicators, such as the S&P 500 and the Dow Jones"

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

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, May 21, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 27.

• Universal Technical Institute Inc. (NYSE: UTI) will replace Veris Residential Inc. (NYSE: VRE). Affinius Capital and Vista Hill Partners are acquiring Veris Residential in a deal expected to be completed soon, pending final closing conditions.
• Peloton Interactive Inc. (NASD: PTON) will replace Enviri Corp. (NYSE: NVRI). Enviri is spinning off certain operations and assets later this month into a new publicly traded company. Post spin-off, Veolia Environment SA will acquire the remaining parent entity. The new publicly traded company is not expected to be representative of the small-cap market space.

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 27, 2026	S&P SmallCap 600	Addition		Universal Technical Institute	UTI	Consumer Discretionary
May 27, 2026	S&P SmallCap 600	Deletion		Veris Residential	VRE	Real Estate
May 27, 2026	S&P SmallCap 600	Addition		Peloton Interactive	PTON	Consumer Discretionary
May 27, 2026	S&P SmallCap 600	Deletion		Enviri Corporation	NVRI	Industrials

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.spglobal.com/spdji/en/.

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/universal-technical-institute-and-peloton-interactive-set-to-join-sp-smallcap-600-302779620.html

SOURCE S&P Dow Jones Indices

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What S&P SmallCap 600 changes involve Universal Technical Institute (UTI) on May 27, 2026?

Universal Technical Institute will be added to the S&P SmallCap 600 on May 27, 2026. According to S&P Dow Jones Indices, UTI will replace Veris Residential, which is being acquired by Affinius Capital and Vista Hill Partners.

How is Peloton Interactive (PTON) being added to the S&P SmallCap 600?

Peloton Interactive will join the S&P SmallCap 600 before trading opens on May 27, 2026. According to S&P Dow Jones Indices, PTON will replace Enviri, which is spinning off assets, with its parent then being acquired.

Why is Veris Residential (VRE) being removed from the S&P SmallCap 600?

Veris Residential will be deleted from the S&P SmallCap 600 on May 27, 2026. According to S&P Dow Jones Indices, Affinius Capital and Vista Hill Partners are acquiring Veris Residential, prompting its replacement by Universal Technical Institute.

Why is Enviri (NVRI) leaving the S&P SmallCap 600 index?

Enviri will be removed from the S&P SmallCap 600 effective May 27, 2026. According to S&P Dow Jones Indices, Enviri is spinning off operations, and Veolia Environment will acquire the remaining parent, which will no longer represent the small-cap market space.

What is the effective date for UTI and PTON joining the S&P SmallCap 600?

Both Universal Technical Institute and Peloton Interactive will join the S&P SmallCap 600 on May 27, 2026. According to S&P Dow Jones Indices, the changes take effect before the opening of trading that Wednesday.

Which sectors will UTI and PTON represent in the S&P SmallCap 600 index?

Universal Technical Institute and Peloton Interactive will both be classified in Consumer Discretionary within the S&P SmallCap 600. According to S&P Dow Jones Indices, these sector assignments apply from the May 27, 2026 effective date.