In a recent transaction, Gail Hamilton, a director at Arrow Electronics , Inc. (NYSE:ARW), sold 2,987 shares of the company's common stock. The sale, which took place on May 20, 2024, amounted to a total of $396,046, with the shares priced at $132.59 each.
This transaction has resulted in a change in Hamilton's holdings in the company, now owning a total of 102.45 shares directly after the sale. The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission, dated May 21, 2024.
Arrow Electronics, with its headquarters in Centennial, Colorado, operates in the wholesale electronic parts and equipment industry. The company is known for providing products and services to industrial and commercial users of electronic components and enterprise computing solutions.
Investors often monitor the buying and selling activities of company insiders as these transactions can provide insight into an insider's view of the company’s future prospects. However, these transactions can be subject to various personal financial considerations and do not necessarily indicate a definitive trend.
The trading of Arrow Electronics' stock is subject to the fluctuations of the market, and like any stock transactions, insider sales are just one of many factors that can influence the company's stock price.
For those interested in following the company's insider transactions, Arrow Electronics trades under the ticker symbol NYSE:ARW, and continues to be a key player in the electronic components distribution sector.
InvestingPro Insights
Arrow Electronics, Inc. (NYSE:ARW) has been navigating a challenging market, reflected in some of the latest data from InvestingPro. With a market capitalization of $7.03 billion and a P/E ratio of 10.21, the company presents an interesting valuation picture. The adjusted P/E ratio for the last twelve months as of Q1 2024 stands at 8.46, indicating a potentially more attractive valuation when considering the company's earnings over the past year.
Despite recent sales declines, with a -14.93% revenue growth over the last twelve months as of Q1 2024, Arrow Electronics remains a prominent player in the Electronic Equipment, Instruments & Components industry. This is further supported by an InvestingPro Tip highlighting the company's strong free cash flow yield, which suggests that Arrow Electronics is generating a healthy amount of cash relative to its share price.
Investors may also find comfort in the company's active management, as indicated by another InvestingPro Tip revealing aggressive share buybacks. This could signal management's confidence in the company's value and future prospects. Additionally, the company exhibits low price volatility, which may appeal to investors looking for stability in their portfolio.
For a deeper dive into Arrow Electronics' financial health and future outlook, more InvestingPro Tips are available, providing a comprehensive analysis for potential investors. There are 14 additional tips listed on InvestingPro, which can be accessed at https://www.investing.com/pro/ARW. Interested readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, further enriching their investment research with valuable insights.
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