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Investing.com -- Reynolds Consumer Products Inc. (NASDAQ:REYN) stock jumped 5.3% in after-hours trading on Friday following the announcement that the company will be added to the S&P SmallCap 600 index.
The consumer staples company is set to replace SpartanNash Co. (NASDAQ:SPTN) in the index effective prior to the opening of trading on Wednesday, September 24, 2025. The change comes as C&S Wholesale Grocers LLC is in the process of acquiring SpartanNash, with the deal expected to close soon pending final closing conditions.
Index additions typically drive increased demand for a company’s shares as funds that track the index must purchase the stock to maintain accurate representation of the benchmark. The S&P SmallCap 600 is widely followed by investors focused on smaller U.S. companies.
Reynolds Consumer Products, known for household products including Reynolds Wrap aluminum foil and Hefty trash bags, will join the index under the consumer staples sector classification, the same sector as the company it’s replacing.
The index change will take effect before markets open on September 24, giving investors several trading days to position themselves ahead of the official addition.
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