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
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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
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