Bath & Body Works To Be Moved To S&P SmallCap 600 Effective Prior To The Open Of Trading On October 1, Replacing Movado Group
Portfolio Pulse from Benzinga Newsdesk
Bath & Body Works will be added to the S&P SmallCap 600 index, replacing Movado Group, effective before trading on October 1.
September 24, 2024 | 9:19 pm
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NEGATIVE IMPACT
Movado Group will be removed from the S&P SmallCap 600 index, which may decrease its visibility and lead to a sell-off by index funds.
Removal from the S&P SmallCap 600 can lead to decreased demand for Movado Group shares as index funds tracking the index will sell the stock. This can result in a short-term price decrease.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Bath & Body Works will be added to the S&P SmallCap 600 index, which could increase its visibility and attract more investors.
Inclusion in the S&P SmallCap 600 can lead to increased demand for Bath & Body Works shares as index funds tracking the index will need to purchase the stock. This can result in a short-term price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100