NEX - Fair Isaac displaces Lumen in S&P 500 for quarterly reshuffle

Fair Isaac & Co. ( NYSE: FICO ) is moving into the S&P 500 index, part of the index's quarterly rebalancing, indicating the company is now more representative of the large-cap market space.

It's moving up from the S&P Midcap 400. And in the 500, it's displacing Lumen Technologies ( NYSE: LUMN ), which will move down the S&P SmallCap 600 to replace Bed Bath & Beyond ( NASDAQ: BBBY ), set to be deleted from that index.

Replacing Fair Isaac in the MidCap 400 is Valaris Limited ( NYSE: VAL ), which rose 4.1% after hours.

Fair Isaac ( FICO ) gained 0.4% after hours, while Lumen ( LUMN ) rose 1.7% .

The moves are effective prior to the open of trading on March 20 .

A number of other companies are being shuffled among the market-space indexes. Among some key postmarket movers heading into the SmallCap 600: Kennedy-Wilson Holdings ( KW ) is +6.5% ; Atlantic Union Bankshares ( AUB ) +6.5% ; NexTier Oilfield Solutions ( NEX ) is +5.4% ; Radian Group ( RDN ) +8.3% ; SL Green Realty ( SLG ) +3.1% ; Viasat ( VSAT ) +1% ; and Hanesbrands ( HBI ) +1.9% .

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