Reported Earlier, SolarWinds To Join S&P SmallCap 600, Replacing SunPower Following Bankruptcy Filing
Portfolio Pulse from Benzinga Newsdesk
SolarWinds Corp. (NYSE: SWI) will replace SunPower Corp. (NASD: SPWR) in the S&P SmallCap 600 index following SunPower's Chapter 11 bankruptcy filing. The change will be effective prior to the opening of trading on Friday, August 9.
August 07, 2024 | 6:28 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
SunPower Corp. has filed for Chapter 11 bankruptcy and will be removed from the S&P SmallCap 600 index. This development is likely to negatively impact the stock price.
Filing for Chapter 11 bankruptcy and removal from the S&P SmallCap 600 index are significant negative events that are likely to lead to a decline in the stock price.
CONFIDENCE 95
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
SolarWinds Corp. will join the S&P SmallCap 600 index, replacing SunPower Corp. This inclusion could lead to increased visibility and potential inflows from index funds.
Inclusion in the S&P SmallCap 600 index often leads to increased visibility and potential inflows from index funds, which can positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100