While many investors think of the S&P 500 (^GSPC 0.40%) as a static index that rarely changes, the reality is that it's in a constant state of flux. This year alone, it changed out nearly 20 component companies, leaving stocks like Teradyne (TER 0.96%) and JDS Uniphase (VIAV -0.54%) in the lurch. In the video below, Fool contributor John Maxfield discusses which other stocks got kicked off the index -- for a full list, plus the date of and reason for removal, see the table beneath the video.
|
Date |
Removed |
Replaced By |
Reason for Removal |
|---|---|---|---|
|
April 30 |
MetroPCS Communications |
Regeneron Pharmaceuticals |
Merged with T-Mobile USA, dropping public float below 50% threshold |
|
May 8 |
Coventry Health Care |
The Macerich Co. |
Acquired by Aetna |
|
May 23 |
Dean Foods |
Kansas City Southern |
Equity interest in WhiteWave Foods spun off making Dean Foods "more representatives of the midcap market space" |
|
June 6 |
H.J. Heinz Co. |
General Motors |
Acquired by Berkshire Hathaway |
|
June 21 |
First Horizon National |
Zoetis |
Insufficient market capitalization |
|
June 28 |
Apollo Education Group |
News Corp |
Insufficient market capitalization |
|
July 8 |
Sprint Nextel |
Nielsen Holding |
Capital infusion by Japan's SoftBank dropped public float below 50% threshold |
|
Sept. 10 |
BMC Software |
Delta Air Lines |
Acquired by private equity firm Bain Capital |
|
Sept. 20 |
Advanced Micro Devices |
Vertex Pharmaceuticals |
Insufficient market capitalization |
|
Sept. 20 |
Science Applications International Corp. |
Ametek |
Split into two companies: SAIC and Leidos Holdings |
|
Oct. 28 |
Dell |
Transocean |
Taken private by founder-led buyout |
|
Nov. 1 |
NYSE Euronext |
Michael Kors |
Acquired by Intercontinental Exchange |
|
Nov. 29 |
J.C. Penney |
Allegion |
Insufficient market capitalization |
|
Dec. 9 |
Molex |
General Growth Properties |
Acquired by privately held Koch Industries |
|
Dec. 20 |
Abercrombie & Fitch |
Alliance Data Systems |
Insufficient market capitalization |
|
Dec. 20 |
JDS Uniphase |
Mohawk Industries |
Insufficient market capitalization |
|
Dec. 20 |
Teradyne |
|
Insufficient market capitalization |
Source: S&P Dow Jones Indices.
