Molina Healthcare and Construction Partners set for S&P index changes

Corporate Action
โดย Seeking Alpha·Read original
Summary · why it matters

Molina Healthcare will replace National Storage Affiliates Trust in the S&P MidCap 400, while Construction Partners will take Molina's place in the S&P SmallCap 600, with both changes effective before the market opens on July 22, S&P Dow Jones Indices said. The reshuffle follows Public Storage's acquisition of National Storage Affiliates Trust, which is expected to close on or around that date, subject to customary closing conditions. Construction Partners shares rose 2.5% premarket.

Impact on stocks 4

Real Estate · 2 stocks
Public Storage
PSA
▲ PositiveCapitalrelevance

Public Storage's acquisition of National Storage Affiliates Trust is expected to close, expanding its portfolio.

Health Care · 1 stocks
Molina Healthcare Inc
MOH
▲ PositiveCapitalrelevance

Molina Healthcare will be added to the S&P MidCap 400, which typically attracts index fund buying and positive sentiment.

Industrials · 1 stocks
Construction Partners Inc
ROAD
▲ PositiveCapitalrelevance

Construction Partners will be added to the S&P SmallCap 600, driving index fund buying and positive sentiment; shares rose 2.5% premarket.