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Las Vegas Sands +4.5% amid move to S&P 500

Sep. 26, 2019 5:23 PM ETGIFI, LVS, NKTR, BID, ENSG, PNTGBy: Jason Aycock, SA News Editor18 Comments
  • Las Vegas Sands (NYSE:LVS) is up 4.5% alongside news that it's joining the S&P 500 index.
  • The company will replace Nektar Therapeutics (NASDAQ:NKTR) in the 500, and Nektar will move down to the MidCap 400 index to replace Sotheby's (NYSE:BID), which is set to be acquired by BidFair USA.
  • Those moves are effective prior to the open of trading on Thursday, Oct. 3.
  • Meanwhile, The Pennant Group (NASDAQ:PNTG), a spin-off of The Ensign Group (NASDAQ:ENSG), is joining the SmallCap 600 before the open of trading on Tuesday, Oct. 1.
  • Making way for Pennant Group is Gulf Island Fabrication (NASDAQ:GIFI), set to be removed from the SmallCap 600.

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