TechnipFMC stock rises on S&P MidCap 400 addition
Investing.com -- TechnipFMC plc (NYSE:FTI) stock rose 4.7% in premarket trading Wednesday after S&P Dow Jones Indices announced the energy company will be added to the S&P MidCap 400 index.
The index change will take effect prior to the opening of trading on Friday, September 12, 2025. TechnipFMC will replace Skechers USA Inc. (NYSE:SKX), which is being acquired by 3G Capital in a transaction expected to close soon, pending final conditions.
In the same announcement, S&P Dow Jones Indices revealed that United Parks & Resorts Inc. (NYSE:PRKS) will join the S&P SmallCap 600, replacing Foot Locker Inc. (NYSE:FL). United Parks & Resorts shares also gained 4.7% in premarket trading. The change will be effective prior to market open on Monday, September 8, 2025.
Foot Locker is being removed from the index as S&P MidCap 400 constituent Dick’s Sporting Goods Inc. (NYSE:DKS) is in the process of acquiring the footwear retailer, with the deal expected to be completed soon.
Index inclusion typically drives demand for a company’s shares as funds tracking the benchmark must add the stock to their portfolios to maintain accurate index replication.
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