By Josh Beckerman
Shares of ODP will be removed from the S&P SmallCap 600 on April 2.
ODP's market capitalization is no longer representative of the small-cap market space, S&P Dow Jones Indices said Wednesday. As of the close of trading on Tuesday the company had a market cap of $436.8 million.
Shares of ODP were down 2% after hours Wednesday to $14.52.
The owner of Office Depot and OfficeMax has sought to expand beyond office supplies. Its ODP Business Solutions business has been expanding into the hospitality industry.
S&P said Angi will join the S&P SmallCap 600. Cava Group will replace Altair Engineering, which was sold to Siemens, in the S&P MidCap 400 on March 31.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 26, 2025 18:50 ET (22:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。