FLEX - EVP At Flex Sells $890K Of Stock | Benzinga
Revealing a significant insider sell on June 14, David Scott Offer, EVP at Flex (NASDAQ:FLEX), as per the latest SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Friday, Offer sold 27,714 shares of Flex. The total transaction value is $890,439.
Flex's shares are actively trading at $31.36, experiencing a down of 2.06% during Friday's morning session.
All You Need to Know About Flex
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.
Key Indicators: Flex's Financial Health
Revenue Growth: Flex's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -20.02%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind ...