NEW YORK, Nov. 21, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30:
- CONSOL Mining Corporation, to be renamed CONSOL Energy Inc., (NYSE:CEIX) will replace Iconix Brand Group Inc. (ICON). S&P MidCap 400 constituent CONSOL Energy Inc., to be renamed CNX Resources Corp., (CNX) is spinning off CONSOL Mining in a transaction expected to be completed after the close of trading on Tuesday, November 28 pending final conditions. Post spin-off, the newly named CNX Resources will remain in the S&P MidCap 400 and will change its Global Industry Classification Standard (GICS) to Oil & Gas Exploration & Production. Iconix Brand Group is ranked near the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.
- PDF Solutions Inc. (PDFS) will replace Black Box Corp. (BBOX) in the S&P SmallCap 600. With a market capitalization below $60 million, Black Box is ranked at the bottom of the S&P SmallCap 600 and is no longer representative of the small-cap market space.
CONSOL Energy (new) focuses on the extraction and preparation of coal in the Appalachian Basin. Headquartered in Canonsburg, PA, the company will be added to the S&P SmallCap 600 GICS Coal & Consumable Fuels Sub-Industry index.
PDF Solutions provides infrastructure technologies and services to enhance yield and optimize performance of integrated circuits. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 GICS Semiconductor Equipment Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – NOVEMBER 30, 2017
GICS ECONOMIC SECTOR
CONSOL Energy (new)
Coal & Consumable Fuels
Iconix Brand Group
Apparel, Accessories & Luxury Goods
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