Fox Factory Holding To Replace E.W. Scripps In S&P SmallCap 600
Portfolio Pulse from Benzinga Newsdesk
Fox Factory Holding Corp. (FOXF) will replace The E.W. Scripps Co. (SSP) in the S&P SmallCap 600, and Dentsply Sirona will replace FOXF in the S&P MidCap 400, effective before trading opens on April 3.
March 27, 2024 | 9:41 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The E.W. Scripps Co. will be replaced by Fox Factory Holding Corp. in the S&P SmallCap 600.
Being removed from the S&P SmallCap 600 could lead to a negative short-term impact on SSP's stock price. Index funds tracking the S&P SmallCap 600 may sell shares of SSP, leading to downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Fox Factory Holding Corp. will move from the S&P MidCap 400 to the S&P SmallCap 600, replacing The E.W. Scripps Co.
The transition of FOXF from the S&P MidCap 400 to the S&P SmallCap 600 may have a neutral short-term impact on its stock price. While the move could be seen as a downgrade in terms of market cap classification, the actual market reaction can vary based on investor perception and the reasons behind the reclassification.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90