Hayward Holdings To Replace Civitas Resources In S&P SmallCap 600
Portfolio Pulse from Benzinga Newsdesk
Hayward Holdings (HAYW) is set to replace Civitas Resources (CIVI) in the S&P SmallCap 600 index.
September 26, 2023 | 9:45 pm
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POSITIVE IMPACT
Hayward Holdings is set to join the S&P SmallCap 600 index, which could increase its visibility and potentially its stock price.
Joining an index like the S&P SmallCap 600 often leads to increased visibility for a company, as it becomes part of an index tracked by many investors. This could lead to increased demand for the stock, potentially driving up its price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Civitas Resources is being removed from the S&P SmallCap 600 index, which could decrease its visibility and potentially its stock price.
Being removed from an index like the S&P SmallCap 600 often leads to decreased visibility for a company, as it is no longer part of an index tracked by many investors. This could lead to decreased demand for the stock, potentially driving down its price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100