The Aaron's Company shares are trading lower after it was announced the company will be replaced in the S&P SmallCap 600.
Portfolio Pulse from Benzinga Newsdesk
The Aaron's Company (AAN) shares are trading lower after the announcement that the company will be replaced in the S&P SmallCap 600 index.
September 05, 2023 | 4:44 pm
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The Aaron's Company (AAN) shares are expected to trade lower in the short term due to its removal from the S&P SmallCap 600 index.
Being removed from an index often leads to a decrease in a company's share price. This is because index funds that track the index will sell the company's shares, leading to increased supply and downward pressure on the price. Therefore, it is expected that AAN's share price will decrease in the short term.
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