Shift4 Payments Set to Join the S&P MidCap 400
Rhea-AI Summary
R1 RCM (NASDAQ:RCM) will be removed from the S&P MidCap 400 index, effective prior to market opening on November 20, 2024. This change comes as a result of the company's pending acquisition by TowerBrook Capital Partners and Clayton, Dublier & Rice, expected to complete around November 19. Shift4 Payments (NYSE:FOUR) will replace R1 RCM in the index. The transition marks R1 RCM's departure from the Healthcare sector of the S&P MidCap 400, while Shift4 Payments will join as part of the Financials sector.
Positive
- None.
Negative
- Being delisted from S&P MidCap 400 index due to acquisition
News Market Reaction
On the day this news was published, RCM gained 0.07%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 |
November 20, 2024 | S&P MidCap 400 | Addition | Shift4 Payments | FOUR | Financials |
S&P MidCap 400 | Deletion | R1 RCM | RCM | Health Care |
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View original content:https://www.prnewswire.com/news-releases/shift4-payments-set-to-join-the-sp-midcap-400-302307533.html
SOURCE S&P Dow Jones Indices
FAQ
Why is R1 RCM being removed from the S&P MidCap 400?
When will R1 RCM be removed from the S&P MidCap 400?
Which company is replacing R1 RCM in the S&P MidCap 400?
