Knife River Set To Join S&P MidCap 400, To Replace Bank Of Hawaii; Bank Of Hawaii Set To Join S&P SmallCap 600, To Replace HomeStreet
Portfolio Pulse from Benzinga Newsdesk
Knife River Corporation (KNF/V) is set to join the S&P MidCap 400, replacing Bank of Hawaii (BOH), which will join the S&P SmallCap 600, replacing HomeStreet (HMST).
May 25, 2023 | 9:27 pm
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POSITIVE IMPACT
Knife River Corporation (KNF/V) is set to join the S&P MidCap 400, which may lead to increased visibility and demand for its stock.
Joining the S&P MidCap 400 index can lead to increased visibility and demand for a stock, as it becomes part of a widely tracked index. This can result in higher trading volumes and potentially a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Bank of Hawaii (BOH) is set to join the S&P SmallCap 600, replacing HomeStreet (HMST), which may lead to a short-term negative impact on its stock price.
Moving from the S&P MidCap 400 to the S&P SmallCap 600 may be perceived as a downgrade for Bank of Hawaii, which could lead to a short-term negative impact on its stock price. However, this impact may be temporary as the stock adjusts to its new index.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
HomeStreet (HMST) is being replaced by Bank of Hawaii (BOH) in the S&P SmallCap 600, which may lead to a short-term negative impact on its stock price.
Being replaced in the S&P SmallCap 600 index may lead to a short-term negative impact on HomeStreet's stock price, as it loses the visibility and demand associated with being part of a widely tracked index. However, this impact may be temporary as the stock adjusts to its new status.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100