Chewy (NYSE: CHWY) will be added to the S&P MidCap 400 prior to trading on November 6, 2024, replacing Stericycle (SRCL), which is being removed ahead of its expected acquisition by Waste Management (WM).
The change is part of a routine index reconstitution by S&P Dow Jones Indices and becomes effective at the market open on the stated date.
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Positive
Index inclusion in S&P MidCap 400 effective November 6, 2024
Replaces Stericycle (SRCL) due to pending acquisition by Waste Management (WM)
Negative
None.
Key Figures
Current price:$61.99Volume today:5,107,963 shares20-day avg volume:1,032,034 shares+4 more
7 metrics
Current price$61.99SRCL price in market context before the index change effective date
Volume today5,107,963 sharesSRCL trading volume in the current session
20-day avg volume1,032,034 sharesSRCL 20-day average trading volume
52-week high$61.99SRCL 52-week high matches current price
52-week low$37.78SRCL 52-week low level from market context
Index creation year1884Year Charles Dow invented the first index
Market Reality Check
Price:$61.99Vol:Volume 5,107,963 is 4.95x...
high vol
$61.99Last Close
VolumeVolume 5,107,963 is 4.95x the 20-day average of 1,032,034 shares.high
TechnicalPrice 61.99 is above the 200-day MA of 54.95 and matches the 52-week high 61.99.
Peers on Argus
No peers with momentum data were reported; the move in SRCL appears stock-specif...
No peers with momentum data were reported; the move in SRCL appears stock-specific rather than sector-driven.
Market Pulse Summary
This announcement outlines an index membership change where SRCL will be removed from the S&P MidCap...
Analysis
This announcement outlines an index membership change where SRCL will be removed from the S&P MidCap 400 following the pending acquisition. In the market context, SRCL traded at its 52-week high of 61.99 on volume of 5,107,963 shares versus a 20-day average of 1,032,034. With no recent news history or regulatory filings provided, key items to watch are future corporate disclosures and completion of the transaction referenced in the release.
"Chewy Inc. (NYSE: CHWY) will replace Stericycle Inc. ... in the S&P MidCap 400"
The S&P MidCap 400 is a group of 400 companies that are smaller than the big, well-known corporations but larger than tiny startups. It helps investors see how medium-sized companies are performing in the stock market, acting like a barometer for this middle-sized group of businesses.
s&p 500financial
"S&P 500 constituent Waste Management Inc. (NYSE: WM) is acquiring Stericycle"
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.
dow jones industrial averagefinancial
"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.
gics sectorfinancial
"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, Nov. 1, 2024 /PRNewswire/ -- Chewy Inc. (NYSE: CHWY) will replace Stericycle Inc. (NASD: SRCL) in the S&P MidCap 400 effective prior to the opening of trading on Wednesday, November 6. S&P 500 constituent Waste Management Inc. (NYSE: WM) is acquiring Stericycle in a deal expected to be completed 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
November 6, 2024
S&P MidCap 400
Addition
Chewy
CHWY
Consumer Discretionary
November 6, 2024
S&P MidCap 400
Deletion
Stericycle
SRCL
Industrial
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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.spdji.com.
Chewy will join the S&P MidCap 400 prior to the opening of trading on November 6, 2024. According to S&P Dow Jones Indices, the addition replaces Stericycle and becomes effective at the market open on that date.
Why is Stericycle (SRCL) being removed from the S&P MidCap 400 ahead of November 6, 2024?
Stericycle is being removed because Waste Management is acquiring Stericycle, with the transaction expected to close soon. According to S&P Dow Jones Indices, the pending acquisition prompts Stericycle's deletion from the index.
How will Chewy's (CHWY) addition to the S&P MidCap 400 be implemented on November 6, 2024?
The change will be implemented prior to the market open on November 6, 2024, as a direct substitution. According to S&P Dow Jones Indices, Chewy will be added and Stericycle will be deleted at the effective time.
Does the November 6, 2024 S&P MidCap 400 change affect Waste Management (WM)?
The announcement notes Waste Management is acquiring Stericycle, which triggers Stericycle's removal from the index. According to S&P Dow Jones Indices, the acquisition by Waste Management is the reason for the index deletion.
Where can investors find official details about Chewy's (CHWY) S&P MidCap 400 inclusion?
Official details are published by S&P Dow Jones Indices and available on their website. According to S&P Dow Jones Indices, the effective date, action, and affected tickers are provided in the index change notice.
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