1. SanDisk replaces Leslie in S&P SmallCap 600 effective February 25. 2. Western Digital spins off SanDisk; will remain in S&P 500. 3. Leslie's market cap no longer suited for small cap classification. 4. S&P Dow Jones Indices remains a leading provider of index-based products.
The changes to the index don't directly affect SPGI's core operations. SPGI's stock has previously saw minimal shifts due to index adjustments.
S&P's operations and market position are relevant, but the immediate impact is limited. However, ongoing changes may indicate broader market trends affecting SPGI indirectly.
Index changes are typically short-lived in their effect on stock prices. Past index adjustments have shown swift market absorption.
NEW YORK, Feb. 19, 2025 /PRNewswire/ -- SanDisk Corp. (NASD: SNDK) will replace Leslie Inc. (NASD: LESL) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, February 25. S&P 500 constituent Western Digital Corp. (NASD: WDC) is spinning off SanDisk in a transaction expected to be completed on February 24. Western Digital will remain in the S&P 500 post spin-off. Leslie's market capitalization is no longer representative of the small cap market space.
| Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
|---|---|---|---|---|---|
| Feb 25, 2025 | S&P SmallCap 600 | Addition | SanDisk | SNDK | Information Technology |
| Feb 25, 2025 | S&P SmallCap 600 | Deletion | Leslie | LESL | Consumer Discretionary |
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
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.
S&P Dow Jones Indices email@spdji.com
Media Inquiries email@spdji.com
SOURCE S&P Dow Jones Indices