V.F. Corp To Replace ModivCare In S&P SmallCap 600, Effective Prior To The Open Of Trading On April 3
Portfolio Pulse from Benzinga Newsdesk
V.F. Corp (VFC) will replace ModivCare (MODV) in the S&P SmallCap 600 index before the market opens on April 3, as ModivCare is no longer considered representative of the small-cap market space.
March 27, 2024 | 9:54 pm
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NEGATIVE IMPACT
ModivCare is being removed from the S&P SmallCap 600, which may lead to decreased demand and potentially lower stock prices.
Removal from an index like the S&P SmallCap 600 can lead to decreased demand for a stock as index funds sell their holdings, potentially resulting in a short-term price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
V.F. Corp is set to join the S&P SmallCap 600, potentially increasing its visibility and attractiveness to investors.
Being added to an index like the S&P SmallCap 600 often leads to increased demand for a stock from index funds and investors who track the index, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80