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October 31, 2019

BJ’s to be added to S&P 400

Photo | Grant Welker BJ's Wholesale Club headquarters in Westborough. The company announced it's opening four new locations over the next few months.

BJ’s Wholesale Club stock will be added to the S&P MidCap 400 on Nov. 5.

The index is a distinct benchmark for mid-sized companies. Westborough-based BJ’s will replace Covetrus Inc., a Maine animal-health technology and services company that will be moved to the S&P SmallCap 600, which more accurately reflects the company’s market capitalization, according to a release from the S&P Dow Jones Indices. BJ's went public in June 2018 after about four years as a private company under Leonard Green & Partners.

The announcement prompted BJ's stock to leap by over 6% in early trading on Thursday.

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