Aramark Spinoff Vestis To Be Added To S&P MidCap 400 Effective Prior To Open Of Trading On October 2, Replacing Kohl's
Portfolio Pulse from Benzinga Newsdesk
Aramark's spinoff, Vestis, will be added to the S&P MidCap 400, effective prior to the opening of trading on October 2. This will replace Kohl's Corp. (NYSE:KSS), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 3.
September 28, 2023 | 9:27 pm
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NEGATIVE IMPACT
Kohl's Corp. will be moved from the S&P MidCap 400 to the S&P SmallCap 600, which could potentially decrease its visibility among investors.
Being moved from the S&P MidCap 400 to the S&P SmallCap 600 could decrease Kohl's visibility among investors, which could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Aramark's spinoff, Vestis, will be added to the S&P MidCap 400, which could potentially increase its visibility and attract more investors.
Being added to an index like the S&P MidCap 400 often increases a company's visibility and can attract more institutional investors, which could potentially drive up the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100