Abercrombie & Fitch Set To Join S&P MidCap 400
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch (ANF) will replace Equitrans Midstream (ETRN) in the S&P MidCap 400, effective prior to the opening of trading on Monday, July 22.
July 16, 2024 | 9:18 pm
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NEGATIVE IMPACT
Equitrans Midstream will be removed from the S&P MidCap 400, replaced by Abercrombie & Fitch. This exclusion may lead to reduced visibility and lower liquidity for ETRN.
Removal from the S&P MidCap 400 can result in decreased visibility and investment from institutional investors, which may negatively impact the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Abercrombie & Fitch will join the S&P MidCap 400, replacing Equitrans Midstream. This inclusion is likely to attract more institutional investors and increase liquidity for ANF.
Inclusion in the S&P MidCap 400 typically leads to increased visibility and investment from institutional investors, which can drive up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100