Veeva Systems Set to Join S&P 500

Rhea-AI Summary

Veeva Systems (NYSE:VEEV) will be added to the S&P 500 and will replace Coterra Energy (NYSE:CTRA) effective before the opening of trading on May 7, 2026. Devon Energy (NYSE:DVN) is acquiring Coterra in a transaction expected to close soon, pending final closing conditions.

Positive

• Veeva Systems (VEEV) will join the S&P 500 effective May 7, 2026
• Addition to S&P 500 provides passive-index inclusion for Veeva

Negative

• Coterra Energy (CTRA) will be removed from the S&P 500 effective May 7, 2026
• Coterra acquisition by Devon (DVN) remains subject to final closing conditions

Key Figures

Effective date: May 7, 2026

1 metrics

Effective date May 7, 2026 Date Veeva Systems replaces Coterra Energy in S&P 500

Market Reality Check

Price: $433.19 Vol: Volume 1,629,885 vs 20-da...

normal vol

$433.19 Last Close

Volume Volume 1,629,885 vs 20-day average 1,738,678 indicates typical trading activity pre-announcement. normal

Technical Shares traded below the 200-day MA of $490.43, at a pre-news level of $431.23.

Peers on Argus

Pre-news, SPGI was down 0.45% while key peers like MCO, ICE, CME and NDAQ showed...

Pre-news, SPGI was down 0.45% while key peers like MCO, ICE, CME and NDAQ showed gains between roughly 0.8–2%, and MSCI was flat, indicating stock-specific trading rather than a broad sector move.

Historical Context

5 past events · Latest: Apr 29 (Neutral)

5 events

Date	Event	Sentiment	Move	Catalyst
Apr 29	Awards program update	Neutral	-0.1%	Announcement of 2026 Platts Global Energy Awards nomination timeline and categories.
Apr 28	Housing index data	Neutral	-0.9%	February 2026 Case‑Shiller data showing modest national home price gains.
Apr 28	Housing index data	Neutral	-0.9%	January 2026 Case‑Shiller report with slightly slowing year‑over‑year gains.
Apr 28	Earnings release	Neutral	-0.9%	First-quarter 2026 results release and investor call scheduling.
Apr 27	Index membership change	Neutral	-0.9%	Announcement of LifeStance Health joining the S&P SmallCap 600 index.

Recent Company History

Recent headlines for SPGI centered on data products, index releases, earnings and index-constituent changes. In late April 2026, the company reported first-quarter results and filed related 10-Q and 8-K disclosures, while its Case‑Shiller housing indices showed modest year‑over‑year home price gains. Another April announcement highlighted additions and deletions in the S&P SmallCap 600. Price reactions around these items were mildly negative (often near -0.86%), suggesting subdued trading responses to otherwise routine corporate and index updates.

Market Pulse Summary

This announcement details an S&P 500 index membership change effective May 7, 2026, with Veeva Syste...

Analysis

This announcement details an S&P 500 index membership change effective May 7, 2026, with Veeva Systems added and Coterra Energy removed following a pending acquisition. For SPGI, similar index and data‑product updates in recent months, alongside earnings disclosures, have generally coincided with mild price moves around -0.86%. Investors monitoring SPGI often focus on ongoing earnings trends, index product activity and regulatory filings to gauge how such changes interact with the company’s broader information services franchise.

Key Terms

s&p 500, gics sector

2 terms

s&p 500 financial

"Veeva Systems Inc. (NYSE: VEEV) will replace Coterra Energy Inc. (NYSE: CTRA) in the S&P 500 effective"

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.

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, April 30, 2026 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV) will replace Coterra Energy Inc. (NYSE: CTRA) in the S&P 500 effective prior to the opening of trading on Thursday, May 7. S&P 500 constituent Devon Energy Corp. (NYSE: DVN) is acquiring Coterra Energy in a deal expected to close soon, pending final closing 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
May 7, 2026	S&P 500	Addition		Veeva Systems	VEEV	Health Care
May 7, 2026	S&P 500	Deletion		Coterra Energy	CTRA	Energy

ABOUT S&P DOW JONES INDICES

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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/. 

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View original content:https://www.prnewswire.com/news-releases/veeva-systems-set-to-join-sp-500-302759590.html

SOURCE S&P Dow Jones Indices

FAQ

When will Veeva Systems (VEEV) be added to the S&P 500?

Veeva Systems (VEEV) will be added to the S&P 500 effective before market open on May 7, 2026. According to Veeva Systems, the change replaces Coterra Energy (CTRA) in the index and takes effect prior to the opening of trading that day.

Which company is VEEV replacing in the S&P 500 on May 7, 2026?

VEEV is replacing Coterra Energy (CTRA) in the S&P 500 effective May 7, 2026. According to Veeva Systems, the replacement follows corporate actions tied to Coterra and Devon Energy (DVN).

How does the Devon Energy (DVN) deal affect Coterra's S&P 500 status?

Devon Energy's (DVN) acquisition of Coterra is expected to close soon and is cited as the reason for Coterra's S&P 500 removal. According to Veeva Systems, the transaction remains subject to final closing conditions.

Will the S&P 500 change for VEEV take place during trading hours on May 7, 2026?

The index change will occur prior to the opening of trading on May 7, 2026. According to Veeva Systems, additions and deletions will be effective before the market opens that day.

What tickers and sectors are involved in the May 7, 2026 S&P 500 update?

The May 7, 2026 update adds VEEV (Health Care) and deletes CTRA (Energy). According to Veeva Systems, these are the listed ticker and GICS sector entries for the change.