NEW YORK, April 1, 2020 /PRNewswire/ -- Arconic Corp. (NYSE: ARNC) will replace Whiting Petroleum Corp. (NYSE: WLL) in the S&P SmallCap 600 effective prior to the open of trading on Monday, April 6. S&P 500 constituent Howmet Aerospace Inc. (NYSE: HWM -formerly Arconic Inc.) spun off Arconic Corp. in a transaction that was completed today, April 1. Post spin-off Howmet Aerospace will remain in the S&P 500. Whiting Petroleum has filed for Chapter 11 bankruptcy.
Arconic manufactures and sells aluminum sheets, plates, extrusions and architectural products and systems. Headquartered in Pittsburgh, PA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Aluminum Sub-Industry Index.
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Arconic manufactures and sells aluminum sheets, plates, extrusions and architectural products and systems. Headquartered in Pittsburgh, PA, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Aluminum Sub-Industry Index.
For more information about S&P Dow Jones Indices, please visit www.spdji.com.
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500 and the Dow Jones Industrial Average. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
Index Governance Inquiries
IGCC@spglobal.com
SOURCE S&P Dow Jones Indices
