Mirion Technologies' 15-min chart sees MACD Death Cross, RSI in Overbought Territory

Mirion Technologies' 15-minute chart recently triggered a MACD Death Cross and RSI Overbought indicator at 09/05/2025 13:45. This suggests that the stock price may continue to decline as it has risen too rapidly and surpassed the fundamental support level.

Mirion Technologies Inc. (MIR) will replace GMS Inc. (GMS) in the S&P SmallCap 600 index effective September 9, 2025 [1]. This change follows Home Depot Inc. (HD) completing its acquisition of GMS today. The move highlights the dynamic nature of the financial markets and the impact of mergers and acquisitions (M&A) on market indices.

Mirion Technologies, an information technology company, will enter the S&P SmallCap 600 index, while GMS, a distributor of specialty building products, will exit the index [2]. The acquisition of GMS by Home Depot, a component of both the S&P 500 and S&P 100 indices, is a significant factor in this shift. The total enterprise value of the acquisition is approximately $5.5 billion [4].

The S&P SmallCap 600 index is a market-capitalization-weighted index of the 600 smallest companies in the S&P 1500 Composite Index. Index additions typically boost a company's stock as funds tracking the benchmark must purchase shares to maintain accurate representation of the index [3]. Mirion Technologies' stock surged 7% in afterhours trading following the news of its addition to the index.

Home Depot's acquisition of GMS is part of its strategy to increase its share of business with professional contractors. The tender offer for GMS shares expired on September 3, with approximately 79.5% of outstanding shares validly tendered [4]. The Home Depot has accepted these shares for payment at $110 per share in cash.

This change in the S&P SmallCap 600 index underscores the importance of monitoring M&A activity and its impact on market indices. Investors should keep an eye on the performance of both companies to understand the potential implications of this shift.

References:
[1] https://www.prnewswire.com/news-releases/mirion-technologies-set-to-join-sp-smallcap-600-302547135.html
[2] https://www.ainvest.com/news/mirion-technologies-replace-gms-smallcap-600-2509/
[3] https://www.investing.com/news/stock-market-news/mirion-technologies-stock-soars-after-joining-sp-smallcap-600-93CH-4225714
[4] https://www.marketscreener.com/news/the-home-depot-and-its-subsidiary-srs-distribution-complete-acquisition-of-gms-ce7d59d8db8bff24