Seeking Alpha

S&P shakeup: Cubist moves up, B&N moves down, Annie's arrives

Cubist Pharma (CBST) will join the S&P MidCap 400. The drug developer will replace Smithfield Foods, which is being acquired by China's Shuanghui International.

SAI's Science Applications spinoff is also joining the MidCap 400, and will do so at the expense of Barnes & Noble (BKS), which is getting sent down to the S&P  SmallCap 600. B&N will displace RadiSys (RSYS) in the index.

SAI is being renamed Leidos Holdings, and will trade in the MidCap 400 under the symbol LDOS. Science Applications will trade under the symbol SAIC.

Organic macaroni maker Annie's (BNNY) is taking Cubist's spot in the SmallCap 600.

All changes take place after Thursday's close.

From other sites
Comments (1)
  • Michael Bryant
    , contributor
    Comments (6052) | Send Message
    Big day for (CBST).
    24 Sep 2013, 12:04 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs