Flex is trading 4.35% up at $112.59 after investors continued reacting to the September 15 announcement naming Axiom Solutions International as the planned cloud and power infrastructure spin-off and filing a preliminary Form 10 registration statement.
- The separation is expected to create two independent publicly traded companies, with Axiom expected to trade under AXM.
- Broader risk sentiment is supportive: S&P 500 up 0.96% and Nasdaq Composite up 1.26%; the company-specific spin-off milestone is the clearer catalyst.