Alpha Metallurgical Resources To Replace Avid Technology In S&P SmallCap 600 Effective Prior To Opening Of Trading On November 10
Portfolio Pulse from Benzinga Newsdesk
Alpha Metallurgical Resources (AMR) will replace Avid Technology (AVID) in the S&P SmallCap 600 index. The change will be effective prior to the opening of trading on November 10.
November 07, 2023 | 10:58 pm
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NEGATIVE IMPACT
Avid Technology 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 and demand for a company's stock, as it is no longer part of the portfolios of index-tracking funds. This could potentially lead to a decrease in AVID's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Alpha Metallurgical Resources is being added to the S&P SmallCap 600 index, which could increase its visibility and potentially its stock price.
Inclusion in an index like the S&P SmallCap 600 often leads to increased visibility and demand for a company's stock, as it becomes part of the portfolios of index-tracking funds. This could potentially lead to an increase in AMR's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100