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Sleep Number Exits S&P SmallCap 600 Following 52-Week Stock Low
November 29,
2023 by HFBusiness Staff in Business Strategy, Industry 
Shares of Sleep Number were trading below prior 52-week lows in the after-hours market following news the company would be replaced on the S&P SmallCap 600 by Worthington Steel.
Sleep Number's stock had fell 5.6% to trade at $8.82 per share. The stock closed Tuesday's regular session with a 3.5% loss at $9.35 per share. Earlier in the session, the stock touched a 52-week low of $9.27 per share.
S&P SmallCap 600 constituent Worthington Industries Inc. (NYSE: WOR) is spinning off Worthington Steel in a transaction expected to be completed on December 1. Post spin-off, the parent Worthington Industries will remain in the S&P SmallCap 600 and will change its name to Worthington Enterprises Inc.
It will also have a GICS sector change to Consumer Discretionary. Sleep Number is no longer representative of the small-cap market space.
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