Amentum Holdings To Be Added To The S&P 500 Effective Prior To The Open Of Trading On Monday, September 30, Replacing Bath & Body Works
Portfolio Pulse from Benzinga Newsdesk
Amentum Holdings will be added to the S&P 500 index, replacing Bath & Body Works, effective before the market opens on September 30.
September 24, 2024 | 9:17 pm
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NEGATIVE IMPACT
Bath & Body Works will be removed from the S&P 500, which may lead to decreased demand for its stock and potential short-term price decline.
Removal from the S&P 500 can lead to decreased demand for a company's stock as index funds sell off their holdings, potentially causing a short-term decline in stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Amentum Holdings will be added to the S&P 500, which could lead to increased visibility and potential stock price appreciation.
Being added to the S&P 500 often results in increased demand for a company's stock as index funds adjust their holdings to include the new addition. This can lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100