Brandy Ford, SVP & Chief Accounting Officer at ScanSource (NASDAQ:SCSC), reported an insider sell on May 13, according to a new SEC filing.
What Happened: After conducting a thorough analysis, Ford sold 1,253 shares of ScanSource. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total transaction value is $59,216.
The latest market snapshot at Tuesday morning reveals ScanSource shares down by 1.73%, trading at $46.0.
About ScanSource
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.
Key Indicators: ScanSource's Financial Health
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. In comparison ...