FLEX - Group President At Flex Sells $410K Of Stock | Benzinga
Disclosed on June 7, 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 12,626 shares of Flex. The total transaction value is $410,773.
Monitoring the market, Flex's shares up by 0.22% at $32.33 during Friday's morning.
Discovering Flex: A Closer Look
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.
Unraveling the Financial Story of Flex
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. When compared to others in the Information Technology sector, the company faces challenges, achieving ...