FLEX - Insider Selling: Michael P Hartung Unloads $369K Of Flex Stock | Benzinga
Michael P Hartung, Group President at Flex (NASDAQ:FLEX), executed a substantial insider sell on June 7, according to an SEC filing.
What Happened: After conducting a thorough analysis, Hartung sold 11,353 shares of Flex. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Friday. The total transaction value is $369,343.
The latest market snapshot at Friday morning reveals Flex shares down by 3.19%, trading at $31.23.
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.
Flex: Financial Performance Dissected
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. When compared to others in the Information Technology sector, the company faces ...