Remember when S&P Dow Jones dumped COCO out of the SmallCap 600? That was back in November, when the stock price was very high contrasted with today: "New York, NY, November 22, 2013 – S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
Allegion plc (NYSE:ALLEwi) will replace J. C. Penney Company Inc. (NYSE:JCP) in the S&P 500, J. C. Penney will replace Aéropostale Inc. (NYSE:ARO) in the S&P MidCap 400, and Aéropostale will replace Corinthian Colleges Inc. (NASD:COCO) in the S&P SmallCap 600 after the close of trading on Friday, November 29. S&P 500 constituent Ingersoll-Rand plc (NYSE:IR) is spinning off Allegion to shareholders in a transaction expected to be effective after the close of trading on that date. Ingersoll-Rand will remain in the S&P 500 after the spin-off. J. C. Penney’s and Aéropostale’s market capitalizations are now more representative of the mid cap market and small cap market spaces respectively. Corinthian Colleges’ low stock price and market capitalization make it no longer suitable for the S&P SmallCap 600."