1. Light & Wonder (LNW) will be deleted from the S&P MidCap 400. 2. Sterling Infrastructure will replace LNW in the index on Nov 13, 2025. 3. LNW intends to exclusively list its shares in Australia post-deletion. 4. This is a significant shift affecting LNW's market presence and visibility. 5. Investor sentiment may shift negatively due to LNW's delisting plans.
LNW's deletion from the S&P MidCap 400 typically results in reduced visibility and liquidity, historically causing declines in stock price as seen with similar cases.
The news is critical as it signifies a major transition for LNW, affecting investor perceptions and potentially leading to a sell-off.
The announcement is immediate, and the impact will be felt as trading begins post-deletion on Nov 13.
NEW YORK, Nov. 6, 2025 /PRNewswire/ -- Sterling Infrastructure Inc. (NASD: STRL) will replace Light & Wonder Inc. (NASD: LNW) in the S&P MidCap 400, and Red Rock Resorts Inc. (NASD: RRR) will replace Sterling Infrastructure in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, November 13. Light & Wonder is expected to delist from the NASDAQ Stock Exchange on or around that date and intends to keep its primary listing exclusively in Australia.
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 |
Nov 13, 2025 | S&P MidCap 400 | Addition | Sterling Infrastructure | STRL | Industrials |
Nov 13, 2025 | S&P MidCap 400 | Deletion | Light & Wonder | LNW | Consumer Discretionary |
Nov 13, 2025 | S&P SmallCap 600 | Addition | Red Rock Resorts | RRR | Consumer Discretionary |
Nov 13, 2025 | S&P SmallCap 600 | Deletion | Sterling Infrastructure | STRL | Industrials |
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