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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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
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