Reported August 16, Chesapeake Energy Set To Join S&P MidCap 400; Effective Date August 21, 2023
Portfolio Pulse from Happy Mohamed
Chesapeake Energy Corp. (CHK) will replace Mercury Systems Inc. (MRCY) in the S&P MidCap 400, and Mercury Systems will replace Arconic Corp. (ARNC) in the S&P SmallCap 600 effective August 21, 2023. Apollo Global Management Inc. (APO) is acquiring Arconic in a deal expected to close soon.
August 17, 2023 | 2:20 pm
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NEGATIVE IMPACT
Arconic Corp. will be replaced by Mercury Systems Inc. in the S&P SmallCap 600. Apollo Global Management Inc. is acquiring Arconic.
Being replaced in the S&P SmallCap 600 could decrease visibility for Arconic Corp. However, the acquisition by Apollo Global Management Inc. could have a more significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apollo Global Management Inc. is acquiring Arconic Corp.
The acquisition of Arconic Corp. could potentially impact the stock price of Apollo Global Management Inc., but the direction of the impact is uncertain and depends on the terms of the deal and market reaction.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Mercury Systems Inc. will be replaced by Chesapeake Energy Corp. in the S&P MidCap 400 and will replace Arconic Corp. in the S&P SmallCap 600.
While being replaced in the S&P MidCap 400 could potentially decrease visibility for Mercury Systems, joining the S&P SmallCap 600 could attract a different set of investors. The net impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Chesapeake Energy Corp. is set to join the S&P MidCap 400, replacing Mercury Systems Inc.
Joining the S&P MidCap 400 often leads to increased visibility and could potentially attract more investors, which may positively impact the stock price of Chesapeake Energy Corp.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100