Coventry Tapped for S&P 500
Coventry Health Care
(CVH)
got a lift Monday following word the company will join the
S&P 500
, replacing
May Department Stores
(MAY)
, which is being acquired by
Federated
undefined
.
Coventry, based in Bethesda, Md., operates as a managed health care company. Standard & Poor's will make the change after the close of trading.
Shares of Coventry were rising $2.90, or 3.9%, to $78.19.
Federated is already part of the S&P 500.
Abbott Laboratories
TheStreet Recommends
(ABT) - Get Abbott Laboratories Report
will replace May in the S&P 100.
Also, S&P SmallCap 600 constituent
Timken
(TKR) - Get Timken Company Report
will replace Coventry in the S&P MidCap 400, and
ASV
(ASVI)
will replace Timken in the SmallCap 600.
In addition,
Joy Global
(JOYG)
will take
Storage Technology's
(STK) - Get Columbia Seligman Premium Technology Growth Fund Inc. Report
place in the S&P MidCap 400 after the close of trading Wednesday.
