FLEX - Paul Lundstrom Implements A Sell Strategy: Offloads $247K In Flex Stock | Benzinga
Disclosed on June 19, Paul Lundstrom, Chief Financial Officer at Flex (NASDAQ:FLEX), executed a substantial insider sell as per the latest SEC filing.
What Happened: Lundstrom's recent Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday unveiled the sale of 7,895 shares of Flex. The total transaction value is $247,101.
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.
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. In comparison to its industry peers, the company trails behind with a growth rate lower ...