Bristow Removed from S&P Index, Stock Falls Anew | Aviation International News

Bristow Removed from S&P Index, Stock Falls Anew

Bristow Group's removal from the S&P SmallCap 600 index comes amidst charges of defrauding shareholders

By Mark Huber • Contributor

February 27, 2019

In another blow to its prospects as a publicly traded company, last night Bristow Group was removed from the S&P SmallCap 600 by S&P Dow Jones Indices effective before the opening of trading on March 5. Bristow’s stock price dove on the news in after-hours trading, falling from $1.32 to $1. Companies are routinely removed from stock indices if a material change has occurred in its condition, if it has violated the guidelines established for publicly traded companied by the U.S. Securities and Exchange Commission (SEC), if it violates SEC rules, or if it is believed to have defrauded investors.

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