WPX Energy To Enter S&P 500

When WPX Energy(WPX)is spun off from The Williams Companies(WMB) on December 31 as we discussed previously, it will immediately join the S&P 500, replacing Compuware(CPWR).  Parent company The Williams Companies will remain in the index as well.  This continues a trend of large companies breaking into pieces large enough to themselves be constituents of the premier large cap index.

Disclosure: The author has no position in any stock mentioned.

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