Lululemon, Hubbell joining S&P 500; Activision, Organon leaving
SeanShot

Lululemon Athletica (NASDAQ:LULU) and Hubbell Inc. (NYSE:HUBB) will become the newest additions to the S&P 500.
The sportswear brand and electrical and utilities solutions company are replacing video game developer Activision Blizzard (NASDAQ:ATVI) and women's health company Organon (NYSE:OGN).
Microsoft's (MSFT) $69B acquisition of Activision Blizzard became official earlier Friday.

Organon (OGN) will be joining the S&P SmallCap 600, while information technology company Onto Innovation (ONTO) is being added to the S&P MidCap 400 from the S&P SmallCap 600.

The changes become effective on Oct. 18.


More on Lululemon, Hubbell, Organon

Nike Vs. Lululemon: One With A Moat, One With Growth
Hubbell: Fairly Priced, Primed To Outpace Market Expectations
Organon: The Federal Reserve Black Swan (Rating Upgrade)