Re/Max, UniQure and Trinseo Fall to 52-Week Lows on Exit From S&P SmallCap 600

By Josh Beckerman

Shares of Re/Max Holdings, uniQure and Trinseo fell to 52-week lows Tuesday on news that the stocks will be removed from the S&P SmallCap 600.

Shares of real-estate brokerage franchiser Re/Max were recently down 12% to $14.51, with a low of $13.62 for the day. The 52-week high of $24.28 was set Feb. 2.

UniQure was down 12% to $7.69, with a low of $7.40 Tuesday. The gene therapy company's shares reached a 52-week high of $28.26 on Nov. 29. On Tuesday, the company said the U.S. Food and Drug Administration cleared its investigational new drug application for AMT-260, a gene therapy candidate for refractory mesial temporal lobe epilepsy.

Shares of Trinseo, whose products include plastics and latex binders, were recently down 19% to $8.73. The new 52-week low was $8.04. The 52-week high of $30.54 occurred Feb. 3.

S&P Dow Jones Indices announced a wide range of index changes that will take effect Sept. 18 to coincide with the quarterly rebalance. The changes are intended to make each index more representative of its market capitalization range.

Write to Josh Beckerman at [e-mail]

(END) Dow Jones Newswires

September 05, 2023 13:44 ET (17:44 GMT)

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