Pure Storage Set to Join S&P MidCap 400; Patterson Companies to Join S&P SmallCap 600
NEW YORK, Jan. 2, 2024 /PRNewswire/ -- Pure Storage Inc. (NYSE:PSTG) will replace Patterson Companies Inc. (NASD:PDCO) in the S&P MidCap 400, and Patterson Companies will replace Chico's FAS Inc. (NYSE:CHS) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 5. Sycamore Partners is acquiring Chico's FAS in a transaction expected to be completed on or about that date pending final conditions. Patterson Companies has a market capitalization that is more representative of the small-cap market space.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
January 5, 2024 | S&P MidCap 400 | Addition | Pure Storage | PSTG | Information Technology |
S&P MidCap 400 | Deletion | Patterson Companies | PDCO | Health Care | |
S&P SmallCap 600 | Addition | Patterson Companies | PDCO | Health Care | |
S&P SmallCap 600 | Deletion | Chico's FAS | CHS | Consumer Discretionary |
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