On June 8, Flex Ltd. rose 3.01% in pre-market trading, trading at $156.51/share, with trading volume of $1.3353 million.

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. The anticipated passive fund allocation demand continues to propel the stock higher. Inclusion in the S&P 500 means reaching a broader pool of investors, encompassing passive funds tracking the index as well as active funds with investment scope restrictions.

Additionally, the company previously announced plans to spin off its high-growth Cloud and Power Infrastructure (CPI) business into an independent publicly traded entity, focusing on critical power and thermal management technologies for AI data centers, including power products, embedded solutions, and cooling systems. This segment benefits from robust demand in data center and power infrastructure buildout.

The company's latest annual report shows revenue growth of 8.14% year-over-year and net income growth of 5.01% year-over-year, with solid fundamentals complementing multiple catalysts to support the stock's continued strength.

(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.)