V.F. Corp. To Move To S&P SmallCap 600, Effective Prior To The Open Of Trading On April 3
Portfolio Pulse from Benzinga Newsdesk
V.F. Corp (VFC) is set to be moved to the S&P SmallCap 600 index, with the change taking effect before the trading session opens on April 3. This move could indicate a change in the company's market capitalization and investor perception.
March 27, 2024 | 9:24 pm
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V.F. Corp's transition to the S&P SmallCap 600 could lead to increased volatility in its stock price in the short term as funds that track the S&P 500 may sell the stock, while those tracking the SmallCap 600 may buy it.
The move of V.F. Corp to the S&P SmallCap 600 is a significant event that could lead to short-term price volatility. This is because mutual funds and ETFs that specifically track the S&P 500 index may need to sell shares of VFC as it is removed from the index, while funds that track the S&P SmallCap 600 may start buying the stock, leading to increased trading activity and potential price fluctuations.
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