FLEX - Insider Transaction: Michael P Hartung Sells $327K Worth Of Flex Shares | Benzinga
Michael P Hartung, Group President at Flex (NASDAQ:FLEX), disclosed an insider sell on June 13, according to a recent SEC filing.
What Happened: Hartung's recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 10,183 shares of Flex. The total transaction value is $327,892.
At Thursday morning, Flex shares are down by 1.09%, trading at $31.62.
Unveiling the Story Behind 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.
Flex: A Financial Overview
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. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers ...