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.
By Sam Bonacci
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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