Exclusive: China's Huawei seeks compensation from Flex over withheld goods [Reuters]
Flex Ltd. - Ordinary Shares (FLEX)
Last flex ltd. - ordinary shares earnings: 1/30 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investors.flex.com/home/default.aspx
Company Research
Source: Reuters
Exclusive: China's Huawei seeks compensation from Flex over withheld goods - Reuters 4 Min Read HONG KONG (Reuters) - Huawei Technologies said it was seeking compensation from its contract manufacturer Flex Ltd ( FLEX.O ) for illegally withholding some 400 million yuan ($57 million) worth of its goods in the wake of a U.S. trade ban on the Chinese firm. Huawei spokesman Guo Fulin did not comment on the amount, but a person with direct knowledge of the matter said the company had sent a lawyer’s letter to Flex on Monday demanding “hundreds of millions of yuan” in damages for lost income, wasted materials, equipment replacements and other costs. In the letter, Huawei says Flex’s Chinese unit “disregarded Chinese law” by refusing to return production equipment, raw materials and half-made products belonging to Huawei worth around 400 million yuan at its Zhuhai factory “for nearly two months” after Washington banned Huawei in May, the source said. Headquartered in California, Flex is am
Show less
Read more
Impact Snapshot
Event Time:
FLEX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FLEX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FLEX alerts
High impacting Flex Ltd. - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
FLEX
News
- Flex (FLEX) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release [Yahoo! Finance]Yahoo! Finance
- Flex Ltd.'s (NASDAQ:FLEX) Intrinsic Value Is Potentially 41% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Why Flex (FLEX) Could Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- Medical Device Contract Manufacturing Market is Expected to Reach $149.4 billion | MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- Flex Ltd. (NASDAQ: FLEX) had its price target raised by analysts at JPMorgan Chase & Co. from $32.00 to $34.00. They now have an "overweight" rating on the stock.MarketBeat
FLEX
Earnings
- 1/31/24 - Beat
FLEX
Sec Filings
- 4/16/24 - Form 4
- 3/13/24 - Form 4
- 3/13/24 - Form 4
- FLEX's page on the SEC website