Tactile Systems Technology, Inc. was dropped from the S&P Healthcare Equipment Select Industry Index, effective June 22, 2025. This change reflects a rebalancing of the index composition by S&P Dow Jones Indices.
The removal from the index means that passive funds tracking this specific index will no longer hold TCMD shares. This can lead to selling pressure as these funds adjust their portfolios.
The S&P Healthcare Equipment Select Industry Index tracks companies primarily involved in the healthcare equipment sector. Tactile Medical's exclusion indicates a shift in its classification or market capitalization relative to other constituents within this specific index.
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