On June 25, Flex Ltd. rose 3.37% overnight, trading at $155.8/share, with turnover of $125,700.
On the news front, Flex was officially added to the S&P 500 index on June 22, replacing Pool Corp. The inclusion day saw passive fund allocation drive a 3.31% gain, but the stock subsequently experienced two consecutive sessions of profit-taking as the positive catalyst was fully priced in. With short-term selling pressure now adequately released, the stock entered a phase of technical recovery.
Meanwhile, the Electronic Manufacturing Services sector broadly strengthened, providing additional momentum. Within the sector, Celestica rose 4.62%, TTM Technologies gained 3.6%, Fabrinet advanced 3.14%, Jabil Circuit added 1.94%, and TE Connectivity climbed 0.73%, with sector-wide resonance supporting the rebound.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments