1. Berry Global will be removed from the S&P MidCap 400 on May 1. 2. Okta Inc. is replacing Berry in the S&P MidCap 400 index. 3. Amcor plc is acquiring Berry Global, pending closing conditions. 4. The deal signals a major corporate transition for Berry Global. 5. Removal from the index may affect Berry's stock liquidity and price.
Being removed from a major index like the S&P MidCap 400 typically leads to decreased investment from index funds, historically resulting in price declines for removed companies.
The article highlights changes in Berry's index status and acquisition, both of which significantly influence investor perception and market behavior.
The immediate impact will likely be felt upon the index change on May 1, influencing stock liquidity and investor sentiment swiftly.
/PRNewswire/ -- Okta Inc. (NASD: OKTA) will replace Berry Global Group Inc. (NYSE: BERY) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 1. S&P 500 constituent Amcor plc (NYSE: AMCR) is acquiring Berry Global Group in a deal expected to close soon, pending final closing conditions.
| Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
|---|---|---|---|---|---|
| May 1, 2025 | S&P MidCap 400 | Addition | Okta | OKTA | Information Technology |
| May 1, 2025 | S&P MidCap 400 | Deletion | Berry Global Group | BERY | Materials |
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