Grid Dynamics Holdings Set to Join S&P SmallCap 600
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Grid Dynamics Holdings Inc. (GDYN) will join the S&P SmallCap 600, replacing Revelyst Inc. (GEAR), as Strategic Value Partners acquires Revelyst.
December 26, 2024 | 11:00 pm
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NEGATIVE IMPACT
Revelyst Inc. (GEAR) will be removed from the S&P SmallCap 600 due to its acquisition by Strategic Value Partners.
Removal from the S&P SmallCap 600 may lead to decreased visibility and potential outflows from index funds, negatively impacting GEAR's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Grid Dynamics Holdings Inc. (GDYN) will be added to the S&P SmallCap 600 index, which could increase its visibility and attract more investors.
Being added to the S&P SmallCap 600 index can lead to increased visibility and potential inflows from index funds, which may positively impact GDYN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100