Allison Transmission Holdings Set to Join S&P MidCap 400 and Goodyear Tire & Rubber to Join S&P SmallCap 600

Allison Transmission (ALSN) will replace Goodyear (GT) in the S&P MidCap 400, while Goodyear will replace Stellar Bancorp (STEL) in the S&P SmallCap 600, effective prior to the market open on the stated effective date. This is an index reconstitution event that may drive short-term passive/flow-based trading rather than reflect underlying fundamentals.

Analysis

Allison Transmission (ALSN) will replace Goodyear (GT) in the S&P MidCap 400, while Goodyear will replace Stellar Bancorp (STEL) in the S&P SmallCap 600, effective prior to the market open on the stated effective date. This is an index reconstitution event that may drive short-term passive/flow-based trading rather than reflect underlying fundamentals.