Flextronics International Ltd. (FLEX) has been under a strong bear grip, hence the stock is down -3.44% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.36% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.87% in the last 1 week, and is up 0.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.85% and the 50-Day Moving Average is 3.61%.
Flextronics International Ltd. (NASDAQ:FLEX): The stock opened at $12.90 on Friday but the bulls could not build on the opening and the stock topped out at $12.97 for the day. The stock traded down to $12.80 during the day, due to lack of any buying support eventually closed down at $12.89 with a loss of -0.54% for the day. The stock had closed at $12.96 on the previous day. The total traded volume was 3,025,556 shares.
The company Insiders own 0.94% 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 5.73% . Institutional Investors own 89.63% of Flextronics International Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of 5.73%. In a related news, 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 6,250 shares worth of $74,313 in a transaction dated June 28, 2016. In this transaction, 6,250 shares were sold at $11.89 per share.
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).