Why BellRing Brands Dived by Nearly 10% Today
The protein comstibles maker is on the wrong side of a stock index rebalancing.
Why BellRing Brands Dived by Nearly 10% Today
Overview
Many investors weren't eager to ring the bell for BellRing Brands (NYSE: BRBR) during Monday's trading session. Shares of the protein products maker slumped by nearly 10%, on news that its stock is being dropped from a high-profile index.
After market close on Friday, S&P Global announced the latest quarterly rebalancing of its closely followed S&P family of indexes. One of those lineups that will see adjustments is the one BellRing is currently a part of, the S&P MidCap 400 index. The company's stock is one of five being moved and replaced with new arrivals; the four others are Flex, Coty, Concentrix, and Blackbaud. Those four are being shifted to different indexes more appropriate for their current size.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
- 51% of U.S. adults say the American Dream is out of reach for most people right now: CNBC survey
- A massive 16% market swing just rocked South Korea over 24 hours. The retail ‘ants’ holding the wheel are driving dangerously.
- I’m 60, retired with $3 million. My fiancée, 55, has $1 million but plans to work for the next 10 years. Are we compatible?
