NEW YORK, Sept. 12, 2019 /PRNewswire/ -- Park Hotels &
Resorts Inc. (NYSE: PK) will replace Inogen Inc. (NASD: INGN) in
the S&P MidCap 400 and Inogen will replace Chesapeake Lodging
Trust (NYSE: CHSP) in the S&P SmallCap 600 effective prior to
the open of trading on Wednesday, September 18. Park Hotels
& Resorts is acquiring Chesapeake Lodging Trust in a
transaction expected to be completed on or about that date pending
final conditions. Inogen has a market capitalization that is
more representative of the small-cap market space.
Park Hotels & Resorts is a lodging REIT (Real Estate
Investment Trust) with a diverse portfolio of hotels and resorts.
Headquartered in Tysons, VA, the company will be added to the
S&P MidCap 400 GICS (Global Industry Classification Standard)
Hotel & Resort REITs Sub-Industry index.
Inogen, a medical technology company, primarily develops,
manufactures, and markets portable oxygen concentrators for
patients, physicians, other clinicians, and third party payers.
Headquartered in Goleta, CA, the
company will be added to the S&P SmallCap 600 GICS Health Care
Equipment Sub-Industry index.
Following is a summary of the changes:
|
S&P MIDCAP 400
INDEX – September 18, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Park Hotels &
Resorts
|
Real
Estate
|
Hotel & Resort
REITs
|
|
DELETED
|
Inogen
|
Health
Care
|
Health Care
Equipment
|
|
S&P SMALLCAP
600 INDEX – September 18, 2019
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
|
ADDED
|
Inogen
|
Health
Care
|
Health Care
Equipment
|
|
DELETED
|
Chesapeake
Lodging Trust
|
Real
Estate
|
Hotel & Resorts
REITs
|
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