FLEX - EVP Of Flex Makes $220K Sale | Benzinga
On June 19, a recent SEC filing unveiled that David Scott Offer, EVP at Flex (NASDAQ:FLEX) made an insider sell.
What Happened: Offer opted to sell 7,037 shares of Flex, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction's total worth stands at $220,244.
Monitoring the market, Flex's shares up by 0.13% at $31.62 during Wednesday's morning.
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.
Flex's Economic Impact: An Analysis
Decline in Revenue: Over the 3 months period, Flex faced challenges, resulting in a decline of approximately -20.02% 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 industry peers. The company ...