Loyalty Ventures Set to Join S&P SmallCap 600
Loyalty Ventures (LYLT) will replace Applied Optoelectronics (AAOI) in the S&P SmallCap 600 index, effective November 9, 2021. This change follows the spinoff of Loyalty Ventures from Alliance Data Systems (ADS), set for completion on November 8. The decision reflects that Applied Optoelectronics no longer represents the small-cap market. This transition impacts the index's composition, emphasizing the dynamic nature of market capitalization and sector representation.
- Loyalty Ventures' addition to the S&P SmallCap 600 may enhance its visibility and liquidity in the market.
- Applied Optoelectronics' removal from the S&P SmallCap 600 indicates it may not meet criteria for small-cap representation.
NEW YORK, Nov. 4, 2021 /PRNewswire/ -- Loyalty Ventures Inc. (NASD: LYLT) will replace Applied Optoelectronics Inc. (NASD: AAOI) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 9. S&P MidCap 400 constituent Alliance Data Systems Corp. (NYSE: ADS) is spinning off Loyalty Ventures in a transaction expected to be completed on November 8. Applied Optoelectronics is no longer representative of the small-cap market space.
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 9, 2021 | S&P SmallCap 600 | Addition | Loyalty Ventures | LYLT | Communication Services |
S&P SmallCap 600 | Deletion | Applied Optoelectronics | AAOI | Information Technology |
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