A 9-Day Losing Streak Has Flex Stock Down 36%
Flex stock has fallen for 9 consecutive trading days, losing 36.0% over that stretch. That erased about $15.8 billion from the company’s market value, which now stands at about $28.1 billion. The stock closed at $76.69 on Thursday, October 22, 52.7% below its 52-week high of $162.07 and 40.7% above its low of $54.51.
How The Streak Stacks Up Against The S&P 500
Returns for FLEX and the S&P 500 over the streak and the periods around it, all ending Thursday, October 22 and including dividends:
| Return Period | FLEX | S&P 500 |
|---|---|---|
| 1 Day | -11.1% | -1.2% |
| 9 Days (Current Streak) | -36.0% | -1.9% |
| 1 Month (21 Trading Days) | -31.7% | -0.5% |
| 3 Months (63 Trading Days) | -35.3% | 3.7% |
| Year To Date | 26.9% | 13.0% |
| 1 Year (252 Trading Days) | 23.1% | 15.1% |
A Stock-Specific Slide, Or A Market Move?
Over the same 9 trading days, the S&P 500 returned -1.9% including dividends, so the slide is mostly Flex’s own story rather than the market’s. 1 other S&P 500 stock is currently on losing streaks of 9 days or longer. Over the past three months the stock is down 35.3%, a window that includes the streak; over the other 54 sessions of that window it was essentially flat (+1.1%).
Is The Business As Weak As The Stock?
On the fundamentals, revenue grew 12.2% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; its operating margin is 5.2%, versus a median of 21.6%; and the stock trades at 28.8 times trailing earnings against a median of 33.7. On these numbers the business looks sturdier than the stock, with a multiple below the median.
A slide like this raises an obvious follow-up: which marked-down stocks are actually worth buying? Our Buy the Dip screen runs that test every day, flagging beaten-down names whose fundamentals still hold up.
Falling Prices Test Conviction. Rules Do Not Flinch
A losing streak forces a choice on every holder: sell into weakness, average down, or freeze. All three are emotional answers to what should be an analytical question, and decisions made that way tend to be expensive ones.
The Trefis High Quality (HQ) Portfolio takes the emotion out: about 30 quality businesses screened for the fundamentals that survive bad stretches, held and rebalanced by rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Let the rules decide, not the tape.