Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / news releases / FANG - With Tesla taking a (sizable) space in S&P 500 who will get bumped?


FANG - With Tesla taking a (sizable) space in S&P 500 who will get bumped?

Now that Tesla (TSLA) has made the (S&P 500) grade, which of the 500 names in the index might get edged out to make room? The electric automaker will be joining by Dec. 21, either in one or two pieces due to its sheer size: worth $387B, now approaching $440B if today's after-hours action is realized (it's +13.2% now postmarket). That makes it the largest company ever to be added to the S&P 500, Baird says. But S&P Dow Jones Indexes says it won't name the company it's replacing until closer to that date. Tesla long ago easily met the valuation minimum to get included as a new entry ($8.2B), but given there are qualitative factors in the Index Committee's thinking, Tesla was snubbed at the last quarterly rebalance, which sent shares lower, after speculation it would get in. And the Index Committee keeps its analysis factors close to the

For further details see:

With Tesla taking a (sizable) space in S&P 500, who will get bumped?
Stock Information

Company Name: Diamondback Energy Inc.
Stock Symbol: FANG
Market: NASDAQ
Website: diamondbackenergy.com

Menu

FANG FANG Quote FANG Short FANG News FANG Articles FANG Message Board
Get FANG Alerts

News, Short Squeeze, Breakout and More Instantly...