Nexstar Media Group (NXST) will replace Sabre Corp. (SABR) in the S&P MidCap 400, and Sabre will replace Flagstar Bancorp (FBC) in the S&P SmallCap 600. S&P MidCap 400 constituent New York Community Bancorp (NYCB) is acquiring Flagstar Bancorp in a deal expected to be completed soon pending final conditions. Sabre has a market capitalization more representative of the small-cap market space.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on SABR: