Flextronics International Ltd. (NASDAQ:FLEX) has tumbled 0.23% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.48% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.96% and the outperformance has advanced to 2.53% for the last 4 weeks period.
Flextronics International Ltd. (NASDAQ:FLEX): The stock opened at $12.93 on Friday but the bulls could not build on the opening and the stock topped out at $12.94 for the day. The stock traded down to $12.72 during the day, due to lack of any buying support eventually closed down at $12.79 with a loss of -1.39% for the day. The stock had closed at $12.97 on the previous day. The total traded volume was 3,217,928 shares.
The company shares have rallied 6.05% from its 1 Year high price. On Jun 15, 2016, the shares registered one year high at $13.03 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $12.47 and the 200 Day Moving Average price is recorded at $11.41.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Accounting Officer) of Flextronics International Ltd., Bennett David P had sold 10,800 shares worth of $138,780 in a transaction dated June 16, 2016. In this transaction, 10,800 shares were sold at $12.85 per share.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Standpoint Research downgrades its rating on Flextronics International Ltd. (NASDAQ:FLEX). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 24, 2016. Currently the company Insiders own 1.46% of Flextronics International Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.56% . Institutional Investors own 90.87% of Flextronics International Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -1.54%.
Flextronics International Ltd. (Flextronics) is a Singapore-based provider of global supply chain solutions. The Company designs, builds, ships and serves packaged electronic products for its original equipment manufacturers (OEMs) in various groups. The Company offers a range of design and engineering services that relate to manufacturing (including enclosures, metals, plastic injection molding, precision plastics, machining, and mechanicals), system integration and assembly and test services, materials procurement, inventory management, logistics and after-sales services (including product repair, warranty services, re-manufacturing and maintenance), supply chain management software solutions and component product offerings (including rigid and flexible printed circuit boards and power adapters and chargers).