FLEX - Flex Group President Trades Company's Stock | Benzinga
Making a noteworthy insider sell on June 19, Michael P Hartung, Group President at Flex (NASDAQ:FLEX), is reported in the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Hartung sold 7,037 shares of Flex. The total transaction amounted to $220,263.
Tracking the Wednesday's morning session, Flex shares are trading at $31.62, showing a up of 0.13%.
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.
Financial Milestones: Flex's Journey
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. As compared to its peers, the revenue growth lags behind its industry peers. ...