FLEX - Insider Unloading: Daniel Wendler Sells $53K Worth Of Flex Shares | Benzinga
Revealing a significant insider sell on March 14, Daniel Wendler, Chief Accounting Officer at Flex (NASDAQ:FLEX), as per the latest SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Wendler sold 1,860 shares of Flex. The total transaction amounted to $53,728.
Flex shares are trading up 0.14% at $28.79 at the time of this writing on Thursday morning.
About Flex
Flex Ltd is a contract manufacturing company providing comprehensive electronics design, manufacturing, and product management services to global electronics and technology companies. The company's operating segments include Flex Agility Solutions (FAS), Flex Reliability Solutions (FRS), and Nextracker. 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. The Nextracker segment provides solar tracker technologies that optimize and increase energy production. The company's geographical segments include China, Mexico, the United States, Brazil, Malaysia, Hungary, and Others.
Financial Insights: Flex
Negative Revenue Trend: Examining Flex's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -8.42% in revenue growth, reflecting a ...