Allegro Microsystems CubeSmart to Join S&P MidCap 400
Earlier this week, Allegro Microsystems CubeSmart announced that it had joined the S&P MidCap 400. This is an exciting move for the company, as it is a move that shows its growth potential and its ability to make a name for itself in the industry. The company also plans to use the addition of the S&P MidCap 400 to help investors gain a better understanding of its business.
Earlier this month, S&P Dow Jones Indices announced that it would make some changes to the S&P SmallCap 600 and S&P MidCap 400 indices. These changes are intended to make the index more representative of the small- and mid-cap market spaces. The changes will be made effective prior to the opening of trading on December 19, 2009. The new companies joining the S&P SmallCap 600 include Semtech Corp. and NuVasive Inc., while those joining the S&P MidCap 400 include Allegro Microsystems Inc. and CubeSmart.
The S&P MidCap 400 is a market capitalization-weighted index composed of 400 mid-cap companies. The index includes two share classes from one component company, EQT, Jack Henry & Associates, Stericycle, and Goodyear Tire & Rubber. The S&P SmallCap 600 is a market capitalization-weighted small-cap index.
SS&P Dow Jones Indices, which maintains the S&P MidCap 400 index, has announced that Allegro Microsystems Inc. (NYSE:ALG) and CubeSmart (NYSE:CUBE) will join the index. These companies will replace Semtech Corporation (NASDAQ:STEC) and NuVasive Inc. (NASDAQ:NVAV), respectively, in the S&P MidCap 400.
These companies’ market capitalizations are less than $1.2 billion. According to the S&P Dow Jones Indices, these changes will be effective prior to the start of trading on December 19, ensuring that the index is more representative of the mid-cap market’s range.
The S&P MidCap 400 index comprises 400 mid-cap companies. These companies have two share classes: one is the common stock and the other is the preferred stock. The index is based on the company’s market capitalization, which is float-adjusted. The S&P 600 index, meanwhile, is made up of small-cap company stocks. It excludes government holdings and strategic holdings.
Cushman & Wakefield plc
Earlier this year, Allegro Microsystems announced that it will be joining Cushman & Wakefield plc in Marlborough, Massachusetts. The move comes as part of the company’s corporate expansion strategy. The company is a leader in the high-performance semiconductor space and is located at 115 NE Cutoff in Marlborough, Massachusetts. The building is 184,000 square feet over two floors, and it also includes 56 acres of land.
Allegro ,Cushman & Wakefield is a commercial real estate services provider that offers integrated facilities management, strategic consulting, portfolio administration, and transaction management services. The company is also one of the largest real estate services companies in the world, with over 6.6 billion square meters of space under management. Its competitors are JLL, CBRE, and Knight Frank.
LL Flooring Holdings Inc.
Earlier this week, S&P Dow Jones Indices announced changes to the S&P MidCap 400 and S&P SmallCap 600 indexes that will be effective prior to the opening of trading on December 19, 2009. The changes are intended to reflect market capitalization more closely and ensure that the indexes represent the range of capitalization among the mid-cap and small-cap markets.
The S&P MidCap 400 index is a sub-index of the S&P 500 index, which is designed to be a representative of the mid-cap market. The S&P SmallCap 600 index is a sub-index of the small-cap market, and includes companies with less than $100 million in market capitalization. The S&P MidCap 400 index will include 401 stocks. Some of the changes in this index are to replace companies that are no longer representative of the mid-cap market, such as LL Flooring Holdings Inc., Tupperware Brands Corp., and Diebold Nixdorf Inc., with others, such as Colfax Corp., Semtech, and NuVasive Inc.
Diebold Nixdorf Inc.
Earlier this month, S&P Dow Jones Indices announced a series of changes to the S&P MidCap 400 and S&P SmallCap 600. The changes were made to better represent the market capitalization range. This will include replacing several companies with other smaller or larger companies.
The list of companies that will be replaced in the S&P SmallCap 600 includes Tupperware Brands Corp., Diversified Healthcare Trust, and NuVasive Inc., in addition to The Cato Corp. and Legg Mason. These companies will be replaced by Semtech and Agiliti Inc..
The S&P MidCap 400 will include 401 companies. These companies will be represented by two share classes. The first class will be comprised of companies in the S&P 500, and the second class will be comprised of companies in the small cap space. In addition, the index will include two companies that have merged. In addition, Emfo, Llc, has purchased BHP Group, Extra Space Storage (NYSE:EXR), and American Express Co.