GameStop Corp. and future standalone company Victoria's Secret are among the additions to the S&P 400 Midcap Index, index provider S&P Dow Jones Indices said late Tuesday.
GameStop (GME), a videogame retailer that became one of the most recognizable names among the "meme stocks," will replace Weingarten Realty Investors (WRI) in the midcap index, with Lakeland Financial Corp. (LKFN) replacing GameStop in the S&P SmallCap 600 .
The changes are effective Aug. 4, S&P Dow Jones Indices said in a statement. Kimco Realty Corp. (KIM), an S&P 500 index constituent, is buying Weingarten Realty in a deal expected to close on or about that date, it said.
Victoria's Secret & Co. (VSCO) will replace World Fuel Services Corp. (INT) in theS&P MidCap 400 (MID) at the open on Aug. 4 as well, the index provider said. S&P 500 constituent L Brands (LB) is spinning off Victoria's Secret in a deal expected to close on Aug. 3.
See also:Victoria's Secret sees opportunities in maternity merchandise and fashion show revival ()
L Brands will remain in the S&P 500 under a new name, Bath & Body Works Inc., and trade on the New York Stock Exchange under the symbol BBWI.
S&P Dow Jones also said that GXO Logistics Inc. will join the S&P MidCap 400 effective Aug. 2, XPO Logistics Inc. (XPO) is spinning off GXO Logistics in a transaction expected to close before Aug. 2, the index provider said. XPO Logistics will remain in the S&P MidCap 400.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 28, 2021 11:50 ET (15:50 GMT)
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