Why Shares of Unisys, Organogenesis, and Motorcar Parts of America Fell Today

·3 min read
Why Shares of Unisys, Organogenesis, and Motorcar Parts of America Fell Today

Shares of Unisys (NYSE: UIS), Organogenesis Holdings (NASDAQ: ORGO), and Motorcar Parts of America (NASDAQ: MPAA) fell today as all three stocks were removed from the S&P SmallCap 600 index as part of its quarterly rebalancing. Unisys closed the day down 14.1%, Organogenesis lost 18.5%, and Motorcar Parts of America gave up 12.2%. There are several reasons stocks fall when they're removed from a major index like the S&P SmallCap 600.