ODP to Be Replaced in S&P SmallCap 600
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ODP will be removed from the S&P SmallCap 600 index on April 2 because its market capitalization of $436.8 million no longer meets the index's small-cap criteria. The company, which owns Office Depot and OfficeMax, has been diversifying its business beyond traditional office supplies.
March 26, 2025 | 11:15 pm
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Removal from S&P SmallCap 600 could trigger selling pressure from index funds and potentially impact investor sentiment.
Index removal often leads to automatic selling by index-tracking funds, which can temporarily depress stock prices. The small market cap suggests limited institutional interest.
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IMPORTANCE 80
RELEVANCE 100