A substantial insider sell was reported on May 30, by Todd P Kelsey, CEO at Plexus (NASDAQ:PLXS), based on the recent SEC filing.
What Happened: After conducting a thorough analysis, Kelsey sold 1,000 shares of Plexus. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total transaction value is $113,400.
Tracking the Friday's morning session, Plexus shares are trading at $110.49, showing a down of 0.0%.
Delving into Plexus's Background
Plexus Corp is a U.S based Electronic Manufacturing Services company that provides a range of services, from conceptualization and design to fulfilling orders and providing sustaining solutions, such as replenishment and refurbishment. The company's segments comprise AMER, APAC,ge and EMEA.
Unraveling the Financial Story of Plexus
Decline in Revenue: Over the 3 months period, Plexus faced challenges, resulting in a decline of approximately -9.71% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers ...