Shares of Under Armour Inc. (UAA) slumped 0.8% in premarket trading Monday, after S&P Dow Jones Indices said it was booting the athletic apparel and gear maker from the S&P 500 . The company, and IPG Photonics Corp. (IPGP), are moving down from the large capitalization index to the S&P MidCap 400 (MID), S&P Dow Jones Indices said late Friday, while Trinity Industries Inc. (TRN) and Yelp Inc. (YELP) are dropping to the S&P SmallCap 600 . Shares of Keurig Dr Pepper Inc. (KDP) rallied 8.1% and ON Semiconductor Corp. (ON) climbed 7.2%, as the companies are replacing Under Armour and IPG Photonics in the S&P 500.
(END) Dow Jones Newswires
June 06, 2022 07:57 ET (11:57 GMT)
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