SharkNinja (SN) will join the S&P MidCap 400 before trading begins on May 18, replacing Flowers Foods (FLO), which will be added to the S&P SmallCap 600, S&P Dow Jones Indices said Wednesday.
Flowers Foods will take the spot of CSG Systems (CSGS) as its acquisition by NEC Corporation nears completion.
Shares of SharkNinja and Flowers Foods rose about 5% and 1%, respectively, in recent after-hours trading.