Hewitt Associates to join S&P MidCap 400

By Associated Press
January 29, 2009 | Comments (0)

Recs

0

Standard & Poor's said Thursday Hewitt Associates Inc. will replace Puget Energy Inc. in the S&P MidCap 400 index after the close of trading on Feb. 6.

Hewitt provides human resource benefits, outsourcing and consulting services.

Puget Energy is being sold to Macquarie Infrastructure Partners in a deal expected to close on or near Feb. 6, S&P said.

S&P is also removing Datascope Corp. from the S&P SmallCap 600 after the market close on Friday, and replacing it with Neogen Corp., which develops food and animal safety products.

Hewitt's shares jumped $1.73, or 6.5 percent, to $28.50 in after-hours trading. The stock closed down 43 cents at $26.77.

Shares of Neogen climbed 52 cents, or 2.2 percent, to $24.13 after hours. The stock closed down 99 cents at $23.61.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 820696, ~/Articles/ArticleHandler.aspx, 11/9/2009 3:30:53 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

The Must-Read Story on Fool.com
Warren Buffett's Biggest Weakness

By The Motley Fool

Warren Buffett's Biggest Weakness

Related Tickers

11/9/2009 2:54 PM
HEW $38.11 Up +0.60 +1.60%
Hewitt Associates,… CAPS Rating: *****
PSD $29.98 Down +0.00 +0.00%
Puget Energy, Inc. CAPS Rating: ***
DSCP $52.97 Down +0.00 +0.00%
Datascope Corp CAPS Rating: **
NEOG $32.35 Up +0.52 +1.63%
Neogen Corp CAPS Rating: ****

Community: Investing Wiki

Term Of The Hour

Bull market: A bull market is a period in which the prices in a market rise overall. Any asset class, including stocks, bonds, or commodities, can experience a bull market. Historically, bull markets tend to last longer than bear markets.

Want to learn more or edit this definition?
Click here to read more!