Coventry Health Care
got a lift Monday following word the company will join the
May Department Stores
, which is being acquired by
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.
will replace May in the S&P 100.
Also, S&P SmallCap 600 constituent
will replace Coventry in the S&P MidCap 400, and
will replace Timken in the SmallCap 600.
place in the S&P MidCap 400 after the close of trading Wednesday.