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Cava Group Set to Join S&P MidCap 400 and Angi to Join S&P SmallCap 600

1. Cava Group Inc. is replacing Altair Engineering in the S&P MidCap 400. 2. This change will take effect prior to March 31, 2025. 3. CAVA will enhance its visibility and attract more institutional investors. 4. Altair Engineering is being acquired by Siemens AG, influencing market dynamics. 5. CAVA's inclusion reflects its growing market capitalization and stability.

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Why Bullish?

CAVA's addition to the S&P MidCap 400 typically leads to increased buying interest from institutional investors, enhancing liquidity and market visibility. Historically, stocks added to indices tend to see immediate price appreciation due to increased demand.

How important is it?

CAVA's recognition by an influential index can significantly boost investor confidence and market positioning, while its performance aligns with industry trends towards consumer discretionary spending, thus enhancing its relevance.

Why Short Term?

The index inclusion will likely lead to short-term price gains as institutional investors rebalance their portfolios. Past instances show stocks can jump significantly upon announcement of index inclusion, but effects might stabilize in the medium term.

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SPGIALTRANGI
, /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400, and S&P SmallCap 600: Cava Group Inc. (NYSE: CAVA) will replace Altair Engineering Inc. (NASD: ALTR) in the S&P MidCap 400 effective prior to the opening of trading on Monday, March 31. Siemens AG (XETR: SIE) acquired Altair Engineering in a deal completed today. Angi Inc. (NASD: ANGI) will replace The ODP Corp. (NASD: ODP) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, April 2. S&P SmallCap 600 constituent IAC Inc. (NASD: IAC) is spinning off its ownership interest in ANGI in a transaction expected to be completed on Tuesday, April 1. Post spin-off, IAC will remain in the S&P SmallCap 600. The ODP Corp.'s market capitalization 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 March 31, 2025 S&P MidCap 400 Addition Cava Group CAVA Consumer Discretionary March 31, 2025 S&P MidCap 400 Deletion Altair Engineering ALTR Information Technology  April 2, 2025 S&P SmallCap 600 Addition ANGI ANGI Communication Services  April 2, 2025 S&P SmallCap 600 Deletion The ODP Corp ODP Consumer Discretionary For more information about S&P Dow Jones Indices, please visit www.spdji.com  ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets. S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.  FOR MORE INFORMATION: S&P Dow Jones Indices[email protected]  Media Inquiries[email protected]  SOURCE S&P Dow Jones Indices WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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