Flex Up 27% in the Past Year: Will the Stock Sustain Momentum?
Flex(FLEX) ZACKS·2024-12-23 15:10
Flex Ltd (FLEX) witnessed strong momentum in the past year, with its shares rising 27.4% compared with the industry’s decline of 33.1%. It has also outpaced the S&P 500 composite’s growth of 25.7%. Price PerformanceImage Source: Zacks Investment ResearchFLEX was up 2.6% last day and closed the trading session at $38.64, down 9% from its 52-week high of $42.47. Does this recent pullback indicate a buying opportunity?Strengthening Demand Trends Bode Well for FLEXFlex has evolved into an end-to-end solutions p ...