Sandisk Joins the S&P 100 on Monday -- the Same Day Nike Leaves It
Index funds will need to buy the flash-memory specialist's stock ahead of Monday -- though maybe not much of it.
Overview
On Monday, Sept. 21, Sandisk (NASDAQ:SNDK) takes a spot in the S&P 100, a subset of the S&P 500 (SNPINDEX:^GSPC) made up of 100 of its largest blue-chip companies. Dell Technologies, Palo Alto Networks, and Arista Networks enter with it. The announcement came from S&P Dow Jones Indices on Sept. 4, and the changes take effect before Monday's open.
Four companies are leaving to make room: Nike (NYSE:NKE), Colgate-Palmolive, Simon Property Group, and Honeywell Aerospace.
Details
The swap says a lot about how 2026 has gone. Sandisk shares have gained more than 600% this year, more than any other stock in the S&P 500.
Source
Originally published at www.fool.com.