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Tuesday, January 31, 2023

Exelon (NASDAQ: EXC) Announces Constellation Joined NASDAQ-100 Index after Spin-Off

Exelon Corporation (NASDAQ: EXC) disclosed that it has finalized the spinoff of Constellation Energy Corp. (NASDAQ: CEG). After the successful execution of this spin-off deal, Constellation Energy Corp. was usefully added to the NASDAQ-100 Index (NASDAQ: NDX). NDX is the NASDAQ-100 Equal Weighted Index and the NASDAQ-100 Ex-Technology Index (NASDAQ: NDXX) on February 2, 2022.

Constellation Energy Corp. (NASDAQ: CEG) was Exelon’s former power generation and competitive energy business. After analysis, Nasdaq has concluded that Constellation Energy Corp. will remain as a part of the NASDAQ-100 Index, the NASDAQ-100 Equal Weighted Index, and the NASDAQ-100 Ex-Technology Index.

Exelon Corp. finalized the split of Constellation Energy Corp. earlier this year. Exelon’s transmission and distribution utility company will continue to be known as Exelon, with the ticker symbol “EXC” on Nasdaq.  Under the symbol “CEG,” Constellation began “regular manner” trading on the Nasdaq Global Select Market.

On the other hand, Nasdaq (NASDAQ: NDAQ) has earned a reputation as a multinational technology business that caters to the capital markets and other industries. Clients can confidently optimize and implement their company vision thanks to our wide portfolio of data, analytics, software, and services.

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