Flex is trading at $116.00 (down 4.2%) in pre-market, extending a sharp pullback as investors digest recent earnings and corporate restructuring news.
- The decline follows the announcement of a Cloud and Power Infrastructure spin-off and strong Q4 2026 results, leading to profit-taking after recent gains.
- Market sentiment is weighed down by concerns that the stock is overvalued and overbought, coupled with broader pressure across the technology sector.