On June 11, Flex Ltd. rose 3.45% in regular trading, trading at $145.115/share, with trading volume of $24.966 million. The stock rebounded following recent profit-taking sessions, supported by multiple positive catalysts.

On the news front, S&P Dow Jones Indices previously announced that Flex will be officially added to the S&P 500 index before market open on June 22, replacing Pool Corp. Inclusion in the S&P 500 means reaching a broader investor base, encompassing passive funds tracking the index as well as actively managed funds with investment scope restrictions, with anticipated passive capital allocation demand continuing to drive share price strength.

Additionally, the company plans to spin off its high-growth Cloud and Power Infrastructure (CPI) business as an independent publicly listed company, focusing on critical power and thermal management technologies for AI data centers. The latest annual report shows revenue grew 8.14% year-over-year, with net income attributable to the parent company increasing 5.01% year-over-year. Solid fundamentals combined with multiple positive catalysts supported the stock's stabilization and rebound.

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