On June 18, Flex Ltd fell 3.82% in regular trading, trading at $142.555/share, with turnover of $510 million.
On the news front, S&P Dow Jones Indices previously announced that Flex Ltd would be officially added to the S&P 500 Index before market open on June 22, replacing Pool Corp. The inclusion, combined with the planned spin-off of its Cloud and Power Infrastructure (CPI) business into a standalone publicly traded company focused on AI data center power and thermal management technologies, had driven significant cumulative gains in recent weeks.
As the effective date approaches, passive fund allocation expectations have been largely priced in. Short-term profit-taking pressure continues to build, with elevated trading volume reflecting accelerated position adjustments. Within the Electronic Manufacturing Services sector, TE Connectivity declined 1.35% and Celestica fell 0.13%, indicating broader sector weakness that compounded selling pressure on the stock.
(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.)