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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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
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