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Barchart
Barchart
Will Ashworth

Kenvue Joins S&P 500 on Friday: Time to Buy?

On Monday, S&P Dow Jones Indices announced that Kenvue (KVUE) would join the S&P 500 on Aug. 25, replacing Advance Auto Parts (AAP), which is being demoted to the S&P SmallCap 600.

“As previously announced on August 9, the addition of Kenvue is the result of S&P 500 and S&P 100 constituent Johnson & Johnson (JNJ) offering to exchange the shares of Kenvue held for shares of Johnson & Johnson in a split-off exchange offer that expired on Friday, August 18,” S&P Dow Jones stated in its Aug. 21 press release. 

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