BUZZ-Flex jumps ahead of S&P MidCap 400 inclusion

Reuters11-20 21:23

** Shares of Singapore-based electronics maker Flex Ltd jump 6.5% to $39.75 before the bell as co set to join S&P MidCap 400 index next week

** FLEX shares within spitting distance of record intraday high of $40.30 hit on Nov 11 ** Co to replace Azenta Inc in IDX effective Mon, Nov 25, the S&P Dow Jones Indices said

** Life sciences firm AZTA to replace Envestnet in S&P SmallCap 600 . AZTA shares up 8.8% to $44.50 premarket ** Bain Capital acquiring software vendor ENV in $4.5 bln deal expected to close soon

** With ~387.8 mln shares outstanding, Flex has ~$14.5 bln market cap, per LSEG

** Through Tues, stock up ~68% in 2024 and closed at $19.31 a yr ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper.thomsonreuters.com@reuters.net lance.tupper@tr.com 1-646-279-6380))

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