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Guidewire Software Set to Join S&P MidCap 400; Arrowhead Pharmaceuticals to Join S&P SmallCap 600

1. Guidewire will join S&P MidCap 400 on January 27, 2025. 2. Arrowhead Pharmaceuticals replaces Barnes Group in the S&P SmallCap 600. 3. Increased index inclusion may enhance GWRE's market visibility and investor interest. 4. Index changes often lead to price volatility for included stocks. 5. Apollo Global Management is acquiring Barnes Group, impacting market dynamics.

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FAQ

Why Bullish?

Inclusion in S&P MidCap 400 generally boosts stock demand and price. Similar past cases show strong performance post-index changes.

How important is it?

Guidewire's index inclusion is a significant corporate development with potential positive effects on its valuation.

Why Short Term?

Price movements may occur around the effective dates of index changes. Historical data supports immediate trading responses to such announcements.

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ARWRBAPO
NEW YORK, Jan. 22, 2025 /PRNewswire/ -- Guidewire Software Inc. (NYSE: GWRE) will replace Arrowhead Pharmaceuticals Inc. (NASD: ARWR) in the S&P MidCap 400, and Arrowhead Pharmaceuticals will replace Barnes Group Inc. (NYSE: B) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, January 27. S&P 500 constituent Apollo Global Management Inc. (NYSE: APO) is acquiring Barnes Group in a deal expected to be completed soon pending final conditions. 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 January 27, 2025 S&P MidCap 400 Addition Guidewire Software GWRE Information Technology January 27, 2025 S&P MidCap 400 Deletion Arrowhead Pharmaceuticals ARWR Health Care January 27, 2025 S&P SmallCap 600 Addition Arrowhead Pharmaceuticals ARWR Health Care January 27, 2025 S&P SmallCap 600 Deletion Barnes Group B Industrials 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

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