ERIE — S&P 500 index addition

Erie Indemnity (ERIE) entered the S&P 500 at the close on Sep 23, 2024, replacing Bio-Rad Laboratories. The recorded announcement came 17 calendar days before the effective close, on Sep 6, 2024. The company is classified in Financials in this dataset.

In the 30 calendar days leading into the effective close, ERIE moved +5.6%. The median 30-day run-up among the 25 S&P 500 entries with a recorded announcement and prices for that interval was +16.9%; this stock was 11.3 percentage points below that median. Measured from the effective close, ERIE returned 1W: -1.5% versus +0.3% for the 28-entry index median; 1M: -5.3% versus +2.2% for the 28-entry index median; 3M: -20.5% versus +5.2% for the 28-entry index median; 1Y: -34.7% versus +11.6% for the 24-entry index median. These figures do not measure movement from the announcement price.

At 1M, it ranks 18th of 28 measured S&P 500 additions and lagged the benchmark by 5.5 percentage points. At 3M, it ranks 26th of 28 measured S&P 500 additions and lagged the benchmark by 24.3 percentage points. At 1Y, it ranks 22nd of 24 measured S&P 500 additions and lagged the benchmark by 50.6 percentage points. The other 6 Financials additions with a measured 1M return averaged +1.5%. This is historical context, not a projection.