Why BellRing Brands Dived by Nearly 10% Today

Many investors weren't eager to ring the bell for BellRing Brands (NYSE: BRBR) during Monday's trading session. Shares of the protein products maker slumped by nearly 10%, on news that its stock is being dropped from a high-profile index.After market close on Friday, S&P Global announced the latest quarterly rebalancing of its closely followed S&P family of indexes. One of those lineups that will see adjustments is the one BellRing is currently a part of, the S&P MidCap 400 index. The company's stock is one of five being moved and replaced with new arrivals; the four others are Flex, Coty, Concentrix, and Blackbaud. Those four are being shifted to different indexes more appropriate for their current size. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool