Flex stock heads into S&P 500 debut after volatile shortened week
Flex Ltd. heads into Monday’s session as a new S&P 500 member after a rough, fast week for the stock, which ended the holiday-shortened stretch lower despite a late bounce. FLEX closed Thursday at $147.61, the last regular-session price before the Juneteenth market holiday. That is the point now. Flex is moving from the S&P MidCap 400 into the S&P 500, the large-company benchmark followed by index funds and portfolio managers, before trading opens June 22. Chief Executive Revathi Advaithi called the move a “landmark milestone,” but the market has already had two weeks to price it.