WEX - WEX Insider Trades Send A Signal | Benzinga
A substantial insider sell was reported on May 6, by Robert Joseph Deshaies, COO at WEX (NYSE:WEX), based on the recent SEC filing.
What Happened: Deshaies's recent move involves selling 1,897 shares of WEX. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value is $400,285.
The latest update on Tuesday morning shows WEX shares down by 0.0%, trading at $209.39.
Delving into WEX's Background
WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Mobility, Benefits, and Corporate Payments. Mobility segment, the largest segment by revenue, provides fleet vehicle payment solutions, transaction processing, and information management services for commercial and government fleets. The Corporate Payments segment offers business-to-business payment processing and transaction monitoring services. The Benefits segment generates revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.
WEX's Financial Performance
Revenue Growth: WEX's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 6.65%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry ...