On June 4, Flex Ltd declined 4.55% in regular trading, trading at $151.965/share, with trading volume of $128 million. The stock retreated sharply as the Electronic Manufacturing Services sector experienced a broad-based selloff.

The entire EMS sector came under heavy selling pressure, with peers posting significant losses: Celestica fell 11.29%, Fabrinet dropped 10.46%, TTM Technologies declined 5.58%, Jabil Circuit lost 4.65%, and TE Connectivity edged down 0.23%. Flex had previously rallied substantially following its announcement to spin off its high-growth Cloud and Power Infrastructure business into a standalone publicly traded company, focused on AI data center power and thermal management technologies including power products, embedded solutions, and cooling systems. After accumulating notable gains in recent sessions, profit-taking pressure intensified and combined with the sector-wide downturn to drive the pullback.

The company's latest annual report showed revenue growth of 8.14% year-over-year and net income growth of 5.01%, indicating stable fundamentals underlying the short-term technical correction.

(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.)