SCSC - PETER BROWNING Implements A Sell Strategy: Offloads $347K In ScanSource Stock | Benzinga
Disclosed on May 13, PETER BROWNING, Board Member at ScanSource (NASDAQ:SCSC), executed a substantial insider sell as per the latest SEC filing.
What Happened: BROWNING's decision to sell 7,490 shares of ScanSource was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value of the sale is $347,835.
The latest update on Tuesday morning shows ScanSource shares down by 1.73%, trading at $46.0.
Delving into ScanSource's Background
ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.
ScanSource: Financial Performance Dissected
Decline in Revenue: Over the 3 months period, ScanSource faced challenges, resulting in a decline of approximately -15.01% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in ...