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PLEXUS Corp Director Sells 500 Shares at $139/Share on August 29, 2023.
ByAinvest
Tuesday, Sep 2, 2025 4:10 pm ET1min read
Plexus Corporation (PLXS) has announced that Director Karen Marie Rapp has sold 500 shares at a price of $139 per share on August 29, 2025.
Plexus Corporation (PLXS) has announced that Director Karen Marie Rapp sold 500 shares at a price of $139 per share on August 29, 2025. This transaction marks a significant move by a key executive within the company. The sale of shares by Rapp, a director of the company, is notable as it may indicate her confidence in the company's future prospects or her need for liquidity.The sale of shares by insiders, such as directors, can have various implications for investors. On one hand, it could suggest that the insider believes the stock is undervalued and presents a good investment opportunity. On the other hand, it could indicate that the insider is diversifying their portfolio or seeking to reduce their exposure to the company.
Plexus Corporation is a leading provider of electronic manufacturing services, with a strong presence in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors. The company has been recognized for its robust earnings growth and strong market position, with analysts forecasting a 8.86% increase in earnings per share for the coming year [1].
However, the recent sale of shares by Rapp should be considered in the context of the company's overall financial health and market conditions. The stock has shown a decline in recent months, with a decrease of 12.3% since the beginning of 2023 [1]. The company's P/E ratio is 17.09, which is significantly lower than the market average of 123.09 and the sector average of 272.18 [1]. This suggests that the stock may be undervalued, but it also indicates that the company faces competitive pressures.
Investors should closely monitor Plexus Corporation's earnings reports and other financial indicators to assess the impact of Rapp's share sale on the company's stock price and overall performance. The company's next earnings announcement is scheduled for October 25, 2023 [1].
References:
[1] https://www.marketbeat.com/stocks/NASDAQ/PLXS/
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