On June 24, Flex Ltd declined 3.4% in regular trading, trading at $148.98/share, with turnover of $77.38 million.

On the news front, Flex was officially added to the S&P 500 index before market open on June 22, replacing Pool Corp. On the effective date, concentrated passive fund allocation demand drove shares up 3.31%. With the index inclusion event now fully materialized, profit-taking pressure continues to weigh on the stock as short-term gains are being locked in.

Broader weakness in the Electronic Manufacturing Services sector is compounding the selling pressure. Among sector peers, Celestica rose 3.78%, while Jabil Circuit fell 0.16%, TE Connectivity fell 2.13%, Fabrinet fell 3.42%, and TTM Technologies fell 1.37%, reflecting broad-based industry headwinds that are amplifying the pullback.

(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.)