FLEX - EVP Of Flex Sold $356K In Stock | Benzinga
Revealing a significant insider sell on June 13, David Scott Offer, EVP at Flex (NASDAQ:FLEX), as per the latest SEC filing.
What Happened: Offer's decision to sell 11,056 shares of Flex was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $356,000.
During Thursday's morning session, Flex shares down by 1.09%, currently priced at $31.62.
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.
A Deep Dive into Flex's Financials
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. ...