On June 5, Flex Ltd. fell 3.56% in regular trading, trading at $155.39/share, with trading volume of $101 million.

On the news front, the Electronic Manufacturing Services sector continued to weaken broadly, with Fabrinet down 5.75%, TTM Technologies down 5.67%, Celestica down 5.31%, Jabil Circuit down 2.1%, and TE Connectivity down 2.04%. The company had previously announced the spin-off of its high-growth Cloud and Power Infrastructure (CPI) business into an independent publicly listed entity, focusing on AI data center critical power and thermal management technologies including power products, embedded solutions, and cooling systems. That catalyst had driven consecutive gains with significant cumulative upside in recent sessions.

Short-term profit-taking pressure persisted following the extended rally, compounded by sustained sector-wide selling pressure, jointly pushing the stock lower. The company's latest annual report shows revenue growth of 8.14% year-over-year and net income growth of 5.01%, while Barclays recently raised its target price to $203 with an Overweight rating.

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