Markets
U.S. open in 11 hrs, 41 mins
BUSINESS NEWS
- Market News
- Earnings
- Recalls
- Recession Watch
- Tech News
- Financial Crisis
- Madoff Scandal
- BloggingStocks
- Luxist
- Money Videos
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Currencies
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
- Financial Glossary
PERSONAL FINANCE AT WALLETPOP
- Bargains
- Banking
- Budget
- Calculators
- College Finance
- Community
- Credit
- Deals
- Debt
- Economizer
- Food
- Home
- Fraud
- Insurance
- Interest Rates
- Loans
- Mortgages
- Real Estate
- Recalls
- Recession
- Retirement
- Saving
- Simplification
- Specials
- Taxes
SMALL BUSINESS
S&P SmallCap 600 adds Compellent, Emergent Bio
AP
NEW YORK -Standard & Poor's on Monday replaced the two smallest companies in its S&P SmallCap 600 index, adding Compellent Technologies Inc. to replace Central Pacific Financial Corp., and Emergent BioSolutions Inc. to replace Independent Bank Corp.
Both changes will happen after trading closes Nov. 9.
Both the companies leaving the index have market capitalizations below $35 million, well below the $200 million minimum market capitalization now required for a new company entering the index, S&P said.
Compellent, based in Eden Prairie, Minn., is a network storage provider. Emergent BioSolutions Inc. is a biopharmaceutical company based in Rockville, Md.
Compellent shares closed earlier up 79 cents at $19.13 and jumped more than 7 percent after-hours to $20.50. Emergent shares rose 46 cents, or 3.2 percent, to $15.05 in aftermarket trading. Stocks often rise after they are added to major indices because they are bought up by managers of investment funds that track those benchmarks.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-02 19:07:16
COMMENTS ( 0 )