FLEX - Flex Group President Trades $820K In Company Stock | Benzinga
Disclosed on June 14, Michael P Hartung, Group President at Flex (NASDAQ:FLEX), executed a substantial insider sell as per the latest SEC filing.
What Happened: Hartung opted to sell 25,525 shares of Flex, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Friday. The transaction's total worth stands at $820,133.
Flex's shares are actively trading at $31.57, experiencing a down of 1.41% during Friday's morning session.
Get to Know Flex Better
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 Financial Performance
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 competitors, the company encountered difficulties, with a growth rate lower ...