The CIO of Arrow Electronics (ARW) is Buying Shares
Today, the CIO of Arrow Electronics (ARW), Vincent Melvin, bought shares of ARW for $753.4K.
This recent transaction increases Vincent Melvin’s holding in the company by 47.06% to a total of $2.04 million. In addition to Vincent Melvin, 12 other ARW executives reported Buy trades in the last month.
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Based on Arrow Electronics’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $7.92 billion and quarterly net profit of $231 million. In comparison, last year the company earned revenue of $7.63 billion and had a net profit of $53.89 million. ARW’s market cap is $6.98B and the company has a P/E ratio of 10.11. Currently, Arrow Electronics has an average volume of 631.3K.
In the last 30 days, insiders have sold $9.99M worth of ARW shares and purchased $12M worth of ARW shares. The insider sentiment on Arrow Electronics has been negative according to 97 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Arrow Electronics, Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. It operates through two segments: Global Components Business and Global Enterprise Computing Solutions.