SCSC - Alexander Charles Mathis Executes Sell Order: Offloads $140K In ScanSource Stock | Benzinga
On May 13, a recent SEC filing unveiled that Alexander Charles Mathis, Board Member at ScanSource (NASDAQ:SCSC) made an insider sell.
What Happened: Mathis's recent move involves selling 3,000 shares of ScanSource. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value is $140,890.
At Tuesday morning, ScanSource shares are down by 1.73%, trading at $46.0.
Delving into ScanSource's Background
ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.
Financial Insights: ScanSource
Decline in Revenue: Over the 3 months period, ScanSource faced challenges, resulting in a decline of approximately -15.01% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its ...