On June 25, Flex Ltd. rose 3.24% in after-hours trading, trading at $155.0/share, with turnover of $115 million.
On the news front, after officially joining the S&P 500 Index on June 22, Flex experienced two consecutive sessions of profit-taking with declines of 5.31% and 3.4% on June 23 and 24 respectively. With short-term selling pressure fully released, the stock entered a technical recovery phase. The broader Electronic Manufacturing Services sector also strengthened in tandem, with TTM Technologies up 2.51%, Fabrinet up 2.08%, Celestica up 2.25%, Jabil Circuit up 1.41%, and TE Connectivity up 0.73%, providing sector-wide momentum for the rebound.
Additionally, the previously announced spin-off of the company's Cloud and Power Infrastructure (CPI) business into an independent publicly listed entity continues to serve as a supportive catalyst for sentiment.
(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.)
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