On June 4, Flex Ltd fell 3.38% in pre-market trading, trading at $156.24/share, with trading volume of $74,900.

On the news front, the Electronic Manufacturing Services sector saw broad-based selling pressure, with sector peers Celestica down 8.35%, Fabrinet down 4.75%, TTM Technologies down 4.48%, and Jabil Circuit down 2.12%. The sector-wide weakness compounded short-term profit-taking pressure on Flex after its recent strong rally.

The stock had previously surged on the announcement that the company would spin off its high-growth Cloud and Power Infrastructure (CPI) business into an independently listed entity, focusing on AI data center critical power and thermal management technologies including power products, embedded solutions, and cooling systems. This spinoff catalyst, combined with solid fundamentals showing revenue growth of 8.14% year-over-year and net income growth of 5.01%, had driven significant cumulative gains in recent sessions. However, after consecutive days of upward momentum, short-term profit-taking pressure emerged, and the broader sector pullback accelerated the decline.

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