BrightSpring Health Services to join S&P MidCap 400, Karman Holdings to join S&P SmallCap 600

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

S&P Dow Jones Indices announced that BrightSpring Health Services will move from the S&P SmallCap 600 to the S&P MidCap 400, replacing Chart Industries, while Karman Holdings will join the S&P SmallCap 600, effective prior to the opening of trading on Friday, July 17. The change is driven by S&P 500 constituent Baker Hughes' pending acquisition of Chart Industries, expected to close on July 16. BrightSpring Health Services, currently in the SmallCap 600, will be added to the MidCap 400 under the ticker BTSG in the Health Care sector, while Chart Industries, ticker GTLS in the Industrials sector, will be removed. Karman Holdings, ticker KRMN in the Industrials sector, will fill the vacancy in the SmallCap 600.

Impact on assets 5

Energy Transition & Power Demand▼ · 2 stocks
Chart Industries Inc
GTLS
▼ NegativeCapitalrelevance

Chart Industries is being removed from the S&P MidCap 400 due to its pending acquisition by Baker Hughes, leading to forced selling by index funds.

Aging Population▲ · 1 stocks
Defense & Geopolitical Fragmentation▲ · 1 stocks
Karman Holdings Inc.
KRMN
▲ PositiveCapitalrelevance

Karman Holdings is being added to the S&P SmallCap 600, which typically attracts index fund buying and positive sentiment.

Cloud & Digital Infrastructure▲ · 1 stocks