FedEx Freight Holding Company Set to Join S&P 500; EPAM Systems and Dave to Join S&P SmallCap 600
PR Newswire
NEW YORK, May 27, 2026
NEW YORK, May 27, 2026 /PRNewswire/ — S&P Dow Jones Indices will make the following changes to the S&P 500, S&P SmallCap 600:
- FedEx Freight Holding Company (NYSE: FDXF) will replace EPAM Systems Inc. (NYSE: EPAM) in the S&P 500, and EPAM Systems will replace Shutterstock Inc. (NYSE: SSTK) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, June 2. S&P 500 & 100 constituent FedEx Corp. (NYSE:FDX) is spinning off FedExFreight Holding in a transaction expected to be completed June 1. Post spin-off, the parent FedEx will remain in the S&P 500 and 100. EPAM Systems is more representative of the small-cap market space. Shutterstock is anticipated to be acquired in a deal that is expected to close soon.
- Dave Inc. (NASD: DAVE) will replace American Woodmark Corp. (NASD: AMWD) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, June 1. S&P SmallCap 600 constituent MasterBrand Inc. (NYSE: MBC) is acquiring American Woodmark in a deal expected to close May 29, pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
|
Effective Date |
Index Name |
Action |
Company Name |
Ticker |
GICS Sector |
|
June 1, 2026 |
S&P SmallCap 600 |
Addition |
Dave |
DAVE |
Financials |
|
June 1, 2026 |
S&P SmallCap 600 |
Deletion |
American Woodmark |
AMWD |
Industrials |
|
June 1, 2026 |
S&P 500 |
Addition |
FedEx Freight |
FDXF |
Industrials |
|
June 2, 2026 |
S&P 500 |
Deletion |
EPAM Systems |
EPAM |
Information Technologies |
|
June 2, 2026 |
S&P SmallCap 600 |
Addition |
EPAM Systems |
EPAM |
Information Technologies |
|
June 2, 2026 |
S&P SmallCap 600 |
Deletion |
ShutterStock |
SSTK |
Communication Services |
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SOURCE S&P Dow Jones Indices
