Avantor To Replace QuidelOrtho In The S&P MidCap 400, Effective Prior To Opening Of Trading On July 26
Portfolio Pulse from Benzinga Newsdesk
Avantor (AVTR) will replace QuidelOrtho (QDEL) in the S&P Midcap 400, effective prior to the opening of trading on July 26.
July 23, 2024 | 9:18 pm
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NEGATIVE IMPACT
QuidelOrtho (QDEL) will be removed from the S&P Midcap 400, which could lead to decreased visibility and potential outflows from index funds tracking the S&P Midcap 400.
Being removed from the S&P Midcap 400 can decrease QuidelOrtho's visibility and lead to outflows from index funds that track the S&P Midcap 400, potentially driving down the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Avantor (AVTR) will be added to the S&P Midcap 400, which could lead to increased visibility and potential inflows from index funds tracking the S&P Midcap 400.
Being added to the S&P Midcap 400 can increase Avantor's visibility and attract investments from index funds that track the S&P Midcap 400, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100