Netflix (NFLX), a constituent of the S&P 400 Index, will be
replacing Office Depot (OD) in the S&P 500, Standard and Poor’s said
this afternoon.
Netflix joins F5 Networks (FFIV) and Newfield Explorations (NFX) in
moving to the 500, while OD, The New York Times (NYT), and Eastman Kodak
(EK) move into the mid-cap 400.
To be sure, there’ll be some rebalancing of holdings in NFLX, FFIV, and
NFX in many people’s funds to reflect the new index lineup.
Netflix shares today closed up $2.82, or 1.5%, at $191.05, and were up another $10.15, or 5%, at $201.20 in late trading.
F5 shares were up $6.57, or 5%, at $145.49 in late trading after gaining 1.3% during the regular session.
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