FLEX - Chief Executive Officer Of Flex Makes $1.76M Sale | Benzinga
A substantial insider sell was reported on June 13, by Revathi Advaithi, Chief Executive Officer at Flex (NASDAQ:FLEX), based on the recent SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Advaithi sold 54,637 shares of Flex. The total transaction value is $1,759,125.
At Thursday morning, Flex shares are down by 1.09%, trading at $31.62.
Delving into Flex's Background
Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). Flex Agility Solutions segment includes markets such as Communications, Enterprise and Cloud; Lifestyle; and Consumer Devices. Flex Reliability Solutions segment includes markets such as Automotive, Health Solutions, and Industrial.
Flex: Delving into Financials
Negative Revenue Trend: Examining Flex's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -20.02% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces ...