Goosehead Insurance & Jackson Financial Set To Join S&P SmallCap 600, Effective September 1
Portfolio Pulse from Benzinga Newsdesk
Goosehead Insurance Inc. (GSHD) and Jackson Financial Inc. (JXN) are set to join the S&P SmallCap 600, replacing NuVasive Inc. (NUVA) and NexTier Oilfield Solutions Inc. (NEX) respectively, effective September 1.
August 28, 2023 | 9:19 pm
News sentiment analysis
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NEGATIVE IMPACT
NexTier Oilfield Solutions Inc. (NEX) is being replaced by Jackson Financial Inc. (JXN) in the S&P SmallCap 600. This could potentially decrease the visibility and liquidity of NEX shares.
Being replaced in the S&P SmallCap 600 often leads to decreased visibility and liquidity of a company's shares due to the reduced exposure and the potential for certain funds to sell shares of the company. This could potentially lead to a decrease in the stock price of NEX in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
NuVasive Inc. (NUVA) is being replaced by Goosehead Insurance Inc. (GSHD) in the S&P SmallCap 600. This could potentially decrease the visibility and liquidity of NUVA shares.
Being replaced in the S&P SmallCap 600 often leads to decreased visibility and liquidity of a company's shares due to the reduced exposure and the potential for certain funds to sell shares of the company. This could potentially lead to a decrease in the stock price of NUVA in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Goosehead Insurance Inc. (GSHD) is set to join the S&P SmallCap 600, replacing NuVasive Inc. (NUVA). This could potentially increase the visibility and liquidity of GSHD shares.
Joining the S&P SmallCap 600 often leads to increased visibility and liquidity of a company's shares due to the additional exposure and the requirement for certain funds to hold shares of the company. This could potentially lead to an increase in the stock price of GSHD in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Jackson Financial Inc. (JXN) is set to join the S&P SmallCap 600, replacing NexTier Oilfield Solutions Inc. (NEX). This could potentially increase the visibility and liquidity of JXN shares.
Joining the S&P SmallCap 600 often leads to increased visibility and liquidity of a company's shares due to the additional exposure and the requirement for certain funds to hold shares of the company. This could potentially lead to an increase in the stock price of JXN in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100