Envestnet To Replace Hostess Brands In S&P SmallCap 600
Portfolio Pulse from Benzinga Newsdesk
Envestnet (ENV) will replace Hostess Brands (TWNK) in the S&P SmallCap 600 index. This change will take effect prior to the opening of trading on Monday, March 1.
November 02, 2023 | 9:19 pm
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POSITIVE IMPACT
Envestnet's inclusion in the S&P SmallCap 600 index could lead to increased demand for its shares, potentially driving up its stock price in the short term.
Inclusion in an index often leads to increased demand for a company's shares, as funds that track the index are required to purchase the stock. This could potentially drive up Envestnet's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Hostess Brands' removal from the S&P SmallCap 600 index could lead to decreased demand for its shares, potentially driving down its stock price in the short term.
Removal from an index often leads to decreased demand for a company's shares, as funds that track the index are required to sell the stock. This could potentially drive down Hostess Brands' stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100