Veracyte Set to Join S&P SmallCap 600
Rhea-AI Summary
Veracyte (NASD: VCYT) is set to join the S&P SmallCap 600 index effective prior to market opening on July 29, 2025. The company will replace Triumph Group (NYSE: TGI), which is being acquired by Warburg Pincus LLC and Berkshire Partners LLC.
The index change comes as Triumph Group's acquisition is expected to close soon, pending final conditions. Veracyte will be added to the Health Care sector of the index, while Triumph Group will be removed from the Industrials sector.
Positive
- Inclusion in S&P SmallCap 600 index typically increases stock visibility and trading volume
- Addition to prominent index may lead to increased institutional investment due to index fund buying
Negative
- None.
News Market Reaction 22 Alerts
On the day this news was published, VCYT gained 7.04%, reflecting a notable positive market reaction. Argus tracked a peak move of +5.9% during that session. Our momentum scanner triggered 22 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $134M to the company's valuation, bringing the market cap to $2.04B at that time.
Data tracked by StockTitan Argus on the day of publication.
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 |
July 29, 2025 | S&P SmallCap 600 | Addition | Veracyte | VCYT | Health Care |
July 29, 2025 | S&P SmallCap 600 | Deletion | Triumph Group | TGI | Industrials |
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View original content:https://www.prnewswire.com/news-releases/veracyte-set-to-join-sp-smallcap-600-302513607.html
SOURCE S&P Dow Jones Indices
FAQ
When will Veracyte (VCYT) join the S&P SmallCap 600 index?
Why is Veracyte (VCYT) replacing Triumph Group in the S&P SmallCap 600?
What sector will Veracyte (VCYT) be classified under in the S&P SmallCap 600?
What are the potential benefits for Veracyte (VCYT) joining the S&P SmallCap 600?
