FLEX - Revathi Advaithi Takes Money Off The Table Sells $4.20M In Flex Stock | Benzinga
Revealing a significant insider sell on June 14, Revathi Advaithi, Chief Executive Officer at Flex (NASDAQ:FLEX), as per the latest SEC filing.
What Happened: Advaithi's decision to sell 130,604 shares of Flex was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Friday. The total value of the sale is $4,196,241.
The latest market snapshot at Friday morning reveals Flex shares down by 2.06%, trading at $31.36.
All You Need to Know About 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's Financial Performance
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 ...