Erin McSweeney, a director at FLEX LTD. (NASDAQ:FLEX), sold 3,000 ordinary shares on May 14, 2026. The transaction totaled $437,640, with prices ranging from $145.65 to $146.11 per share.
The sale comes as FLEX trades near its 52-week high of $147.34, following a 228% return over the past year. According to Bond.az analysis, the stock appears overvalued with a P/E ratio of 62.14.
After this transaction, McSweeney directly holds 11,512 shares, including 4,713 unvested restricted share units (RSUs) that will vest the day before the 2026 annual general meeting.
Flex Ltd. reported strong Q4 and fiscal 2026 earnings, beating expectations with adjusted EPS of $0.93 and revenue of $7.48 billion. BofA Securities raised its price target to $180 from $75, maintaining a Buy rating.
Nextpower announced a definitive agreement to acquire Zigor Corporation's power conversion assets for approximately $80.5 million, including an initial payment of $46 million and potential earnouts of up to $34.5 million.
