Cable One To Join S&P SmallCap 600, Replacing MDC Holdings
Portfolio Pulse from Benzinga Newsdesk
Cable One is set to replace MDC Holdings in the S&P SmallCap 600 effective before trading begins on Monday, April 22, due to Sekisui House Ltd.'s acquisition of MDC Holdings, expected to finalize on April 19.
April 17, 2024 | 9:21 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
MDC Holdings is being removed from the S&P SmallCap 600 due to its acquisition by Sekisui House Ltd.
The removal of MDC Holdings from the S&P SmallCap 600 is a direct result of its acquisition by Sekisui House Ltd. This could lead to a decrease in demand for MDC shares from index funds and ETFs, potentially lowering its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cable One is joining the S&P SmallCap 600, replacing MDC Holdings due to the latter's acquisition.
Joining an index like the S&P SmallCap 600 can lead to increased demand for shares from index funds and ETFs that track the index, potentially boosting CABO's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90