Madison Square Garden Sports Set To Join S&P SmallCap 600
Portfolio Pulse from Benzinga Newsdesk
Madison Square Garden Sports (MSGS) is set to replace Aerojet Rocketdyne (AJRD) in the S&P SmallCap 600, effective prior to the opening of trading on Tuesday, August 1.
July 27, 2023 | 10:05 pm
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POSITIVE IMPACT
Madison Square Garden Sports is joining the S&P SmallCap 600, which could increase its visibility and potentially its stock price.
Joining an index like the S&P SmallCap 600 often increases a company's visibility among investors, which can lead to increased demand for its stock and potentially a rise in its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Aerojet Rocketdyne is being replaced in the S&P SmallCap 600 by Madison Square Garden Sports, which could negatively impact its stock price.
Being removed from an index like the S&P SmallCap 600 can decrease a company's visibility among investors, which can lead to decreased demand for its stock and potentially a drop in its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100