Reddit to Join S&P 500, Sun Communities to Join S&P MidCap 400

PR Newswire··US·Read original
2▲3 ▼2Impact / 5
Summary · why it matters

S&P Dow Jones Indices announced that Reddit will replace AvalonBay Communities in the S&P 500 effective before the open of trading on Tuesday, August 18. The change comes as S&P 500 constituent Equity Residential is acquiring AvalonBay Communities in a deal expected to close soon, with the combined company to be renamed Vivmark Residential and remain in the index. Sun Communities will replace Webster Financial in the S&P MidCap 400 effective before the open on Thursday, August 20, as Banco Santander is acquiring Webster Financial in a deal also expected to close soon. Reddit is classified in the Communication Services sector, while Sun Communities is in Real Estate.

Impact on assets 7

Real Estate± Mixed · 3 stocks
Equity Residential
EQR
▲ PositiveCapitalrelevance

Acquiring AvalonBay, with combined company remaining in S&P 500.

Financials▼ · 2 stocks
Banco Santander SA ADR
SAN
± MixedCapitalrelevance

Banco Santander is acquiring Webster Financial, which triggers Webster's replacement in the S&P MidCap 400 by Sun Communities.

Communication Services▲ · 1 stocks
Reddit, Inc.
RDDT
▲ PositiveCapitalrelevance

Joining S&P 500, a significant index inclusion event.

Cloud & Digital Infrastructure▲ · 1 stocks
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