On June 15, Flex Ltd. rose 3.33% in pre-market trading, trading at $155.0/share, with turnover of $333,500.
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. As the effective date approaches, expectations for passive fund allocation demand continue to intensify. Inclusion in the S&P 500 means reaching a broader investor base, encompassing passive funds tracking the index as well as actively managed funds with investment scope restrictions. The Electronic Manufacturing Services sector is broadly stronger, with TTM Technologies up 7.34%, Fabrinet up 4.74%, Celestica up 4.24%, TE Connectivity up 4.09%, and Jabil Circuit up 2.75%.
(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.)