Allison Transmission to Join S&P MidCap 400, Goodyear Moves to SmallCap 600

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2▲1 ▼2Impact / 5
Summary · why it matters

S&P Dow Jones Indices announced that Allison Transmission Holdings will replace Goodyear Tire & Rubber in the S&P MidCap 400, and Goodyear Tire & Rubber will replace Stellar Bancorp in the S&P SmallCap 600, effective before trading opens on Monday, July 6. The changes are driven by S&P MidCap 400 constituent Prosperity Bancshares acquiring Stellar Bancorp in a deal expected to close July 1. Allison Transmission, classified in the Industrials sector, will be added to the MidCap 400, while Goodyear, in Consumer Discretionary, moves to the SmallCap 600. Stellar Bancorp, a Financials sector company, will be removed from the SmallCap 600.

Impact on assets 5

Financials▼ · 2 stocks
Stellar Bancorp, Inc.
STEL
▼ NegativeCapitalrelevance

Stellar Bancorp will be removed from the S&P SmallCap 600 due to acquisition, leading to forced selling by index funds.

Electrification & Mobility▲ · 1 stocks
Consumer Discretionary▼ · 1 stocks
Goodyear Tire & Rubber Co
GT
▼ NegativeCapitalrelevance

Goodyear will be moved to the S&P SmallCap 600, which may lead to selling by MidCap-focused funds and lower visibility.

Cloud & Digital Infrastructure▲ · 1 stocks