Patriot Coal (PCX) -8.1% on news the company will be replaced in the S&P MidCap 400 index,...

|By:, SA News Editor

Patriot Coal (PCX) -8.1% on news the company will be replaced in the S&P MidCap 400 index, to be replaced by Alexander & Baldwin (ALEX). PCX is currently ranked #400 in the MidCap 400 and is "no longer representative of the midcap market space."