Everus Construction Group Set To Join S&P Smallcap 600
Date
10/29/2024 6:01:20 PM
(MENAFN- PR Newswire)
NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Everus construction Group Inc. (NYSE: ECG ) will be added to the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 1, replacing Clearwater Paper Corp. (NYSE: CLW ), which will be removed from the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 4. S&P SmallCap 600 constituent MDU Resources Group Inc. (NYSE: MDU ) is spinning off Everus Construction Group in a transaction expected to be completed on November 1. Following the spin-off, the parent company MDU Resources Group will remain in the S&P SmallCap 600 but will change its Global Industry Classification Standard (GICS) sector from Industrials to
Utilities. Clearwater Paper is no longer 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 |
| November 1, 2024 |
S&P SmallCap 600 |
Addition |
Everus Construction Group |
ECG |
Industrials |
| November 4, 2024 |
S&P SmallCap 600 |
Deletion |
Clearwater Paper |
CLW |
Materials |
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