Yelp Set to Join S&P MidCap 400; Gulfport Energy to Join S&P SmallCap 600

PRNewswire 6-Dec-2018 6:15 PM

NEW YORK, Dec. 6, 2018 /PRNewswire/ -- S&P MidCap 400 constituent Gulfport Energy Corp. (NASD: GPOR) will replace Oclaro Inc. (NASD: OCLR) in the S&P SmallCap 600, and Yelp Inc. (NYSE:YELP) will replace Gulfport Energy in the S&P MidCap 400 effective prior to the open of trading on Wednesday, December 12. S&P MidCap 400 constituent Lumentum Holdings Inc. (NASD: LITE) is acquiring Oclaro in a deal expected to be completed soon pending final conditions. Gulfport Energy has a market capitalization more representative of the small-cap market space.

Yelp operates a platform that connects people with local businesses. Headquartered in San Francisco, CA, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Interactive Media & Services Sub-Industry index.

Gulfport Energy engages in the acquisition, exploration and production of natural gas, crude oil, and natural gas liquids. Headquartered in Oklahoma City, OK, the company will be added to the S&P  SmallCap 600 GICS Oil & Gas Exploration & Production Sub-Industry index.

Following is a summary of the changes:

S&P MIDCAP 400 INDEX – DECEMBER 12, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Yelp

Communication Services

Interactive Media &
Services

DELETED

Gulfport Energy

Energy

Oil & Gas Exploration &
Production

 

S&P SMALLCAP 600 INDEX – DECEMBER 12, 2018


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Gulfport Energy

Energy

Oil & Gas Exploration &
Production

DELETED

Oclaro

Information Technology

Communications
Equipment

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 become home to over 1,000,000 indices across the spectrum of asset classes that have helped 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:
David Blitzer
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji_communications@spglobal.com

Cision View original content:http://www.prnewswire.com/news-releases/yelp-set-to-join-sp-midcap-400-gulfport-energy-to-join-sp-smallcap-600-300761691.html

SOURCE S&P Dow Jones Indices

Wait, Before You Leave...