5 Market Cap Changes That Might Surprise You

Brexit has brought a number of shakeups to the markets on both sides of the Atlantic, one of which is the downsizing of U.S. stocks. While Apple Inc AAPL is still top of the list at $499 billion, many companies saw their market values trimmed substantially during the market mayhem Friday and Monday.

This caused some stocks to become bigger than others, at least as far as market capitalization goes.

Related Link: The Big 4 U.S. Banks Lost $65 Billion In Market Cap

Here's what Yahoo Finance noticed:

• Home Depot Inc HD is bigger than Walt Disney Co DIS
• Verizon Communications Inc. VZ is bigger than Wal-Mart Stores, Inc. WMT
• Proctor & Gamble Co PG is bigger than JPMorgan Chase & Co. JPM
• The Coca-Cola Co KO and PepsiCo, Inc. PEP now bigger than Chevron Corporation CVX and Intel Corporation INTC, respectively

Market cap is measured by taking the market price of one share of a company’s stock and multiplying it by the total shares of outstanding common stock, to get the total market value of the company.