SelectQuote Set to Join S&P SmallCap 600

Rhea-AI Summary

SelectQuote Inc. (NYSE:SLQT) will replace Cooper Tire & Rubber Co. (NYSE:CTB) in the S&P SmallCap 600 index, effective June 10, 2021. This change follows the acquisition of Cooper Tire by The Goodyear Tire & Rubber Co. The update reflects ongoing shifts in market indices and may influence stock performance for both companies.

Positive

• SelectQuote joining the S&P SmallCap 600 may enhance visibility and potentially attract more investors.
• The addition to the index can lead to increased liquidity for SLQT shares.

Negative

• Cooper Tire's removal from the S&P SmallCap 600 may reduce its visibility and investor interest.

NEW YORK, June 7, 2021 /PRNewswire/ -- SelectQuote Inc. (NYSE:SLQT) will replace Cooper Tire & Rubber Co. (NYSE:CTB) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, June 10. S&P MidCap 400 constituent The Goodyear Tire & Rubber Co. (NASDAQ: GT) has acquired Cooper Tire & Rubber Company in a deal that was completed today.

Following is a summary of the change that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
June 10, 2021	S&P SmallCap 600	Addition	SelectQuote	SLQT	Financials
	S&P SmallCap 600	Deletion	Cooper Tire & Rubber	CTB	Consumer Discretionary

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SOURCE S&P Dow Jones Indices

FAQ

When will SelectQuote replace Cooper Tire in the S&P SmallCap 600?

SelectQuote will replace Cooper Tire effective June 10, 2021.

What is the reason for the change in the S&P SmallCap 600 index?

The change is due to The Goodyear Tire & Rubber Co. acquiring Cooper Tire & Rubber.

What is the impact of SelectQuote joining the S&P SmallCap 600?

Joining the index may increase visibility and liquidity for SelectQuote (SLQT) shares.

What will happen to Cooper Tire after being removed from the S&P SmallCap 600?

Cooper Tire's removal may lead to reduced visibility and investor interest.