The Chief Accounting Officer of Flextronics (NASDAQ: FLEX) is Selling Shares

By Carrie Williams

Yesterday, the Chief Accounting Officer of Flextronics (NASDAQ: FLEX), David Bennett, sold shares of FLEX for $108.9K.

Following David Bennett’s last FLEX Sell transaction on July 26, 2016, the stock climbed by 1.7%. In addition to David Bennett, one other FLEX executive reported Sell trades in the last month.

The company has a one year high of $15.09 and a one year low of $8.85. FLEX’s market cap is $7.89B and the company has a P/E ratio of 25.72. Currently, Flextronics has an average volume of 2.81M.

Four different firms, including Citigroup and Drexel Hamilton, currently also have a Sell rating on the stock.

The insider sentiment on Flextronics has been neutral according to 65 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

Flex Ltd. designs, manufactures, and services consumer electronics for original equipment manufacturers. It operates through the following segments: High Reliability Solutions, Consumer Technology Group, Industrial and Emerging Industries, and Integrated Network Solutions. The High Reliability Solutions segment caters to medical, automotive, defense, and aerospace businesses. The Consumer Technology Group segment provides electronics, connectivity devices, and chain solutions to mobile devices and computing businesses. The Industrial and Emerging Industries segment offers semiconductor, capital equipment, industrial automation, kiosks, metering, and lighting. The Integrated Network Solutions includes radio access base stations, wireless infrastructure, optical routing, switching products, storage platforms, security appliance, and software solutions. The company was founded in May 1990 and is headquartered in Singapore.