Schneider National To Replace U.S. Silica Holdings In S&P SmallCap 600, Effective Prior To Opening Of Trading On July 31
Portfolio Pulse from Benzinga Newsdesk
Schneider National (SNDR) will replace U.S. Silica Holdings (SLCA) in the S&P SmallCap 600 index, effective before trading opens on July 31. Apollo Global Management (APO) is acquiring U.S. Silica Holdings, with the deal expected to close soon pending final conditions.
July 23, 2024 | 9:21 pm
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POSITIVE IMPACT
Apollo Global Management is acquiring U.S. Silica Holdings, which could enhance its portfolio and potentially lead to positive investor sentiment.
The acquisition of U.S. Silica Holdings by Apollo Global Management could enhance its portfolio, leading to positive investor sentiment and a potential short-term boost in stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Schneider National will be added to the S&P SmallCap 600 index, which could lead to increased visibility and potential inflows from index funds.
Being added to the S&P SmallCap 600 index typically results in increased visibility and potential inflows from index funds, which can positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
U.S. Silica Holdings will be removed from the S&P SmallCap 600 index due to its acquisition by Apollo Global Management, which may lead to short-term volatility.
Removal from the S&P SmallCap 600 index and the acquisition by Apollo Global Management may lead to short-term volatility in SLCA's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100