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Old Dominion Freight Line to Join S&P 500

By Josh Beckerman

 

Old Dominion Freight Line Inc. (ODFL) will join the S&P 500 before trading opens on Dec. 9, replacing SunTrust Banks Inc. (STI), which is being sold to BB&T Corp. (BBT).

S&P Dow Jones Indices said Cabot Microelectronics Corp. (CCMP) will move from the S&P SmallCap 600 to the S&P MidCap 400, while Ready Capital Corp. (RC) will join the S&P SmallCap 600.

Meanwhile, Industrial Logistics Properties Trust (ILPT) shares rose 7% to $23 after hours as the company was added to the S&P SmallCap 600, effective Friday, replacing Cambrex Corp. (CBM) in connection with Cambrex's pending sale to Permira.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

December 02, 2019 19:54 ET (00:54 GMT)

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