1. Acushnet will replace ROIC in the S&P SmallCap 600 on Feb 13. 2. This addition highlights Acushnet's growth within the Consumer Discretionary sector. 3. Blackstone is acquiring Retail Opportunity Investments, impacting market dynamics.
Inclusion in the SmallCap 600 should enhance GOLF's visibility and demand, potentially increasing its stock price. Past examples show that similar index inclusions often lead to upward price movements.
The article is significant as it indicates Acushnet's inclusion in a major index, which could lead to increased investment and focus on the stock.
The immediate effect of the S&P index changes will likely occur as the date approaches, with potential long-term stability if growth continues. Historical data shows immediate spikes upon index additions.
/PRNewswire/ -- Acushnet Holdings Corp. (NYSE: GOLF) will replace Retail Opportunity Investments Corp. (NASD: ROIC) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, February 13. S&P 500 constituent Blackstone Inc. (NYSE: BX) is acquiring Retail Opportunity Investments in a deal expected to be completed soon, pending final closing conditions.
| Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
|---|---|---|---|---|---|
| Feb 13, 2025 | S&P SmallCap 600 | Addition | Acushnet Holdings | GOLF | Consumer Discretionary |
| Feb 13, 2025 | S&P SmallCap 600 | Deletion | Retail Opportunity Investments | ROIC | Real Estate |
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