Calix To Join S&P MidCap 400

Calix Inc (NYSE:CALX) will replace CIT Group Inc (NYSE:CIT) in the S&P MidCap 400 effective before trading on January 4.
Calix cloud and software platforms enable service providers of all types and sizes to innovate and transform. The company's customers utilize the real-time data and insights from Calix platforms to simplify their business and deliver experiences that excite their subscribers.
First Citizens BancShares Inc (NASDAQ:FCNCA) is acquiring CIT Group in a deal expected to be completed soon, pending final closing conditions.
Douglas Elliman Inc (NYSE:DOUG) will join S&P SmallCap 600 before trading on December 30, replacing Matrix Service Co (NASDAQ:MTRX), which will leave the S&P SmallCap 600 effective before the open of trading on December 31.
S&P SmallCap 600 constituent Vector Group Ltd (NYSE:VGR) is spinning off Douglas Elliman in a transaction likely to be complete on December 30.
Post-spin-off, Vector Group will remain in the S&P SmallCap 600. Matrix Service is no longer representative of the small-cap market space.
Price Action: CALX shares traded higher by 8.49% at $74.22 in the premarket session on the last check Wednesday.