1. Kadant Inc. will replace Inari Medical in S&P SmallCap 600. 2. The change takes effect on February 19, 2025. 3. The removal of Inari Medical is due to its acquisition by Stryker Corp. 4. Inclusion in S&P indices often leads to increased investment interest. 5. Kadant operates in the industrials sector, potentially benefiting from new visibility.
Kadant's addition to a prestigious index can attract more investors, similar to past examples with other stocks which saw price increases upon index inclusion.
The article indicates a significant corporate event, which typically influences stock performance through market perception and demand.
The immediate effect is likely short-term due to investor attention around the index change.
NEW YORK, Feb. 13, 2025 /PRNewswire/ -- Kadant Inc. (NYSE: KAI) will replace Inari Medical Inc. (NASD: NARI) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, February 19. S&P 500 constituent Stryker Corp. (NYSE: SYK) is acquiring Inari Medical in a deal expected to be completed soon, pending final closing conditions.
| Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
|---|---|---|---|---|---|
| February 19, 2025 | S&P SmallCap 600 | Addition | Kadant | KAI | Industrials |
| February 19, 2025 | S&P SmallCap 600 | Deletion | Inari Medical | NARI | Health Care |
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