NEW YORK, March 10, 2023 /PRNewswire/ -- Insulet Corp. (NASD:PODD) will replace SVB Financial Group (NASD:SIVB) in the S&P 500 effective prior to the opening of trading on Wednesday, March 15. The Federal Deposit Insurance Corporation (FDIC) announced that it has taken SVB Financial Group into FDIC Receivership and therefore SVB Financial Group is no longer eligible for inclusion.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
March 15, 2023 | S&P 500 | Addition | Insulet | PODD | Health Care |
S&P 500 | Deletion | SVB Financial Group | SIVB | Financials |
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