Change in S&P

Discussion in 'Stocks' started by cybercash28, Oct 29, 2009.

  1. Standard & Poor's Announces Changes to U.S. IndicesLast update: 10/29/2009 6:22:00 PMNEW YORK, Oct 29, 2009 /PRNewswire via COMTEX/ -- S&P 500 constituent Freeport -McMoRan Copper & Gold Inc. (FCX) will replace Schering-Plough Corp. (SGP) in the S&P 100, S&P MidCap 400 constituent Inc. (NASD: PCLN) will replace Schering-Plough in the S&P 500, and MSCI Inc. (MXB) will replace in the S&P MidCap 400, all after the close of trading on a date to be announced. Schering-Plough is merging with S&P 100 and 500 constituent Merck & Co. (MRK) in a deal expected to be completed soon pending final approvals. Standard & Poor's will monitor these transactions, and post any relevant updates on its website: . Freeport -McMoRan Copper & Gold is headquartered in Phoenix, AZ.
  2. Someone purchased 7000 shares PCLN right after the news cameout at under $165. He's alread in big money.