By Stephen Nakrosis
S&P Dow Jones Indices on Monday said Performance Food Group Co. will join the S&P MidCap 400 on Sept. 3, replacing TreeHouse Foods Inc., which is moving to the S&P SmallCap 600.
TreeHouse Foods will replace Core-Mark Holding Company Inc., which is being acquired by Performance Food Group, S&P Dow Jones Indices said.
“TreeHouse Foods has a market capitalization that is more representative of the small-cap market space,” S&P Dow Jones Indices said.
At 5:24 p.m. ET, shares of Performance Food were trading 5.1% higher at $50.30 a share. Volume at the time topped 29,000 shares. The stock finished the day’s regular-trading session with a 2.51% loss, closing at $47.86 a share.
At 5:23 p.m. ET, shares of TreeHouse Foods were trading 5.19% higher at $37.11. Volume at the time was just below 10,000 shares. Its stock finished the day’s regular-trading session with a 0.9% loss, closing at $35.28 a share.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
Read More: Performance Food Group Joining S&P MidCap 400, Shares Higher