FLEX - Insider Unloading: Revathi Advaithi Sells $1.16M Worth Of Flex Shares | Benzinga
Revealing a significant insider sell on June 19, Revathi Advaithi, Chief Executive Officer at Flex (NASDAQ:FLEX), as per the latest SEC filing.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday outlined that Advaithi executed a sale of 37,170 shares of Flex with a total value of $1,163,421.
The latest market snapshot at Wednesday morning reveals Flex shares up by 0.13%, 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.
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. When compared to others in the Information Technology sector, ...