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

Index addition date: May 7, 2026

1 metrics

Index addition date May 7, 2026 Effective date for Veeva joining S&P 500

Market Reality Check

Price: $171.60 Vol: Volume 1,785,438 is below...

normal vol

$171.60 Last Close

Volume Volume 1,785,438 is below 20-day average 2,162,674, suggesting no pre-news accumulation spike. normal

Technical Shares trade below the 200-day moving average at 238.03, indicating a longer-term downtrend into this index addition.

Peers on Argus

Sector peers show mixed moves: GEHC +2.75%, DOCS +2.52%, TEM +9.73%, HQY +2.52%,...

Sector peers show mixed moves: GEHC +2.75%, DOCS +2.52%, TEM +9.73%, HQY +2.52%, while WAY declined 9.91%, pointing to stock-specific factors rather than a uniform sector trend.

Historical Context

5 past events · Latest: Mar 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 10	Strategic acquisition	Positive	-3.0%	Announced cash acquisition of Ostro to enhance AI-driven engagement.
Mar 10	Customer win	Positive	-3.0%	AOP Health standardizes on Veeva Industry Cloud across key functions.
Mar 04	Earnings results	Positive	+4.0%	Reported double-digit revenue growth and higher operating and net income.
Mar 03	Product adoption	Positive	+2.5%	Vault CRM passes 125 live customers as agentic CRM strategy advances.
Feb 11	Earnings date set	Neutral	-2.9%	Announced timing and details for upcoming Q4 and full-year results call.

Pattern Detected

Recent history shows positive reactions to core earnings and product adoption news, but negative reactions around acquisitions and some informational releases.

Recent Company History

Over the past few months, Veeva reported strong fiscal 2026 results with total revenues of $3,195.3M and Q4 revenues of $836.0M, which saw a positive share reaction. Product milestones like more than 125 customers live on Vault CRM also coincided with gains. By contrast, the Ostro acquisition for about $100M and a major AOP Health cloud standardization announcement were followed by share declines. Against this backdrop, the S&P 500 addition marks a new, index-related milestone rather than an operating update.

Market Pulse Summary

This announcement highlights Veeva’s elevation into the S&P 500 effective May 7, 2026, replacing Cot...

Analysis

This announcement highlights Veeva’s elevation into the S&P 500 effective May 7, 2026, replacing Coterra Energy as part of an index reshuffle linked to a pending acquisition. Index inclusion can affect ownership mix and trading dynamics but does not change fundamentals. In recent months, the company reported strong revenue growth and expanding product adoption, yet the stock traded well below its 200-day moving average at 238.03. Investors may watch future earnings and product milestones to assess how fundamentals evolve post-inclusion.

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"

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 technical

"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

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/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.