FLEX - Rebecca Sidelinger Implements A Sell Strategy: Offloads $190K In Flex Stock | Benzinga
On June 19, a recent SEC filing unveiled that Rebecca Sidelinger, Group President at Flex (NASDAQ:FLEX) made an insider sell.
What Happened: Sidelinger opted to sell 6,094 shares of Flex, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction's total worth stands at $190,744.
During Wednesday's morning session, Flex shares up by 0.13%, currently priced at $31.62.
Discovering Flex: A Closer Look
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: Delving into Financials
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. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than ...