Treasury Secretary Bessent announces tariff relief on coffee, fruits
Flex LTD (NASDAQ:FLEX) Chief Commercial Officer Michael P. Hartung sold 15,000 shares of company stock on November 4, 2025, according to a new SEC filing. The sales, conducted under a prearranged 10b5-1 trading plan, fetched a total of $933,898. The stock has since climbed to $65.26, representing a 5.5% increase from the average selling price and part of Flex’s impressive 70% year-to-date gain.
The transactions involved two separate sales. The first sale involved 10,558 shares sold at a weighted average price of $62.0115, with prices ranging from $61.586 to $62.585. The second sale consisted of 4,442 shares at a weighted average price of $62.8503, with prices ranging from $62.587 to $63.247. According to InvestingPro data, Flex is currently trading near its 52-week high of $67, with analysts setting price targets ranging from $69.58 to $78.
Following the transactions, Hartung directly owns 226,198 shares of Flex Ltd., which includes unvested restricted share units that will vest in future installments. Flex, with a market capitalization of $24.15 billion and a P/E ratio of 28.7, maintains a "GOOD" overall financial health score according to InvestingPro analysis. The company is currently considered slightly overvalued based on InvestingPro’s Fair Value assessment. Investors can access Flex’s comprehensive Pro Research Report, one of 1,400+ available for top US stocks.
In other recent news, Flex Ltd. reported its second-quarter earnings for fiscal year 2026, surpassing analyst expectations. The company achieved an adjusted earnings per share of $0.79, exceeding the forecasted $0.75. Additionally, Flex reported revenue of $6.8 billion, which was higher than the anticipated $6.68 billion. Despite this strong financial performance, the company’s stock experienced a decline in pre-market trading, influenced by broader market conditions. In related developments, KeyBanc Capital Markets raised its price target for Flextronics to $75 from $70, maintaining an Overweight rating. This adjustment follows Flextronics’ fiscal second-quarter earnings report, which initially led to a negative market reaction before shares recovered. These developments highlight the ongoing interest and analysis surrounding Flextronics in the investment community.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.