The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the quarterly re-ranking of the NASDAQ Q-50 Index (Nasdaq:NXTQ), which will become effective prior to market open on Monday, March 21, 2011.
The following eight securities will be added to the Index: Charter Communications, Inc. (Nasdaq:CHTR), Cypress Semiconductor Corporation(Nasdaq:CY), Foster Wheeler AG (Nasdaq:FWLT), Gentex Corporation (Nasdaq:GNTX), Hasbro, Inc. (Nasdaq:HAS), JDS Uniphase Corporation(Nasdaq:JDSU), Polycom, Inc. (Nasdaq:PLCM), and Tractor Supply Company (Nasdaq:TSCO).
The Index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 Index®. The NASDAQ Q-50 Index is re-ranked on a quarterly basis. For more information about the NASDAQ Q-50 Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the re-ranking, the following eight securities will be removed from the Index: CTC Media, Inc. (Nasdaq:CTCM), Focus Media Holding Limited (Nasdaq:FMCN), LKQ Corporation (Nasdaq:LKQX), Logitech International S.A. (Nasdaq:LOGI), NetEase.com, Inc.(Nasdaq:NTES), Pan American Silver Corp. (Nasdaq:PAAS), Ryanair Holdings plc (Nasdaq:RYAAY), and TIBCO Software Inc. (Nasdaq:TIBX).
