On June 8, Flex Ltd. rose 3.38% overnight, trading at $157.06/share, with trading volume of $729,500.

On the news front, S&P Dow Jones Indices 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 fuel upward momentum in the stock. Meanwhile, the company's previously announced plan to spin off its high-growth Cloud Power and Infrastructure (CPI) business into a standalone publicly traded entity—focused on AI data center critical power and thermal management technologies—remains a key supportive factor for market sentiment.

The company's latest annual report shows revenue grew 8.14% year-over-year, with net income attributable to shareholders increasing 5.01% year-over-year. Solid fundamentals combined with multiple positive catalysts are jointly supporting the stock's recovery following recent pullbacks driven by sector-wide weakness and profit-taking pressure.

(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.)