S&P Dow Jones Indices will make the following changes to the S&P 500, S&P 100 and S&P MidCap 400 effective prior to the open of trading on Monday, December 21:
As previously announced on November 16, Tesla Inc. (NASD:TSLA) will be added to the S&P 500. Tesla will replace Apartment Investment and Management Co. (NYSE:AIV). Tesla will also be added to the S&P 100, replacing Occidental Petroleum Corp. (NYSE:OXY). Occidental Petroleum will remain in the S&P 500. Apartment Income REIT Corp. (NYSE:AIRC) will replace Dunkin’ Brands Group Inc. (NASD:DNKN) in the S&P MidCap 400. Apartment Investment and Management is spinning off Apartment Income REIT in a transaction expected to be completed post close on Monday, December 14. Post spin-off, Apartment Investment and Management will no longer be representative of the S&P Composite 1500 indices market cap ranges. Inspire Brands Inc. is acquiring Dunkin’ Brands Group in a tender offer expected to expire on or about Tuesday, December 15.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
|
Effective Date |
Index Name |
Action |
Company Name |
Ticker |
GICS Sector |
|
Dec. 21, 2020 |
S&P 500 |
Addition |
Tesla |
TSLA |
Consumer Discretionary |
|
Dec. 21, 2020 |
S&P 500 |
Deletion |
Apartment Investment & Mgt |
AIV |
Real Estate |
|
Dec. 21, 2020 |
S&P 100 |
Addition |
Tesla |
TSLA |
Consumer Discretionary |
|
Dec. 21, 2020 |
S&P 100 |
Deletion |
Occidental Petroleum |
OXY |
Energy |
|
Dec. 21, 2020 |
S&P MidCap 400 |
Addition |
Apartment Income REIT |
AIRC |
Real Estate |
|
Dec. 21, 2020 |
S&P MidCap 400 |
Deletion |
Dunkin’ Brands Group |
DNKN |
Consumer Discretionary |
