Callaway Golf Set To Enter S&P Midcap 400 Index

  • Callaway Golf Co ELY is set to replace GrubHub Inc GRUB in the S&P MidCap 400.
  • The S&P MidCap 400 index comprises 400 companies with midrange market capitalization, between $200 million and $5 billion.
  • Callaway's addition comes after the British-Dutch company online food ordering company, Just Eat NV TKAYFagreed to acquire GrubHub.
  • Callaway's market cap stands at $5.35 billion as of Thursday's close.
  • Price Action: ELY shares are trading lower by 4.28% at $33.75 in premarket trading on last check Friday.
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