FLEX - Flex Insider Trades Send A Signal | Benzinga
Disclosed on June 14, Tan Kwang Hooi, Group President at Flex (NASDAQ:FLEX), executed a substantial insider sell as per the latest SEC filing.
What Happened: Hooi's recent Form 4 filing with the U.S. Securities and Exchange Commission on Friday unveiled the sale of 11,570 shares of Flex. The total transaction value is $371,766.
Tracking the Friday's morning session, Flex shares are trading at $31.36, showing a down of 2.06%.
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.
A Deep Dive into Flex's Financials
Revenue Challenges: Flex's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -20.02%. This indicates a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry ...