FLEX - Sell Alert: Paul Lundstrom Cashes Out $933K In Flex Stock | Benzinga
Paul Lundstrom, Chief Financial Officer at Flex (NASDAQ:FLEX), reported an insider sell on June 14, according to a new SEC filing.
What Happened: Lundstrom's recent Form 4 filing with the U.S. Securities and Exchange Commission on Friday unveiled the sale of 29,041 shares of Flex. The total transaction value is $933,098.
Flex's shares are actively trading at $31.36, experiencing a down of 2.06% during Friday's morning session.
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 peers. The company achieved ...