Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. XPO Logistics Inc. shares valued at $279,216,970 were sold by BRADLEY S JACOBS on Aug 11. At $55.17 per share, BRADLEY S JACOBS sold 5,061,029 shares. The insider’s holdings dropped to 1,300,701 shares worth approximately $59.77 million following the completion of this transaction.
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Also, BRADLEY S JACOBS sold 50,000 shares, netting a total of over 2,674,338 in proceeds. Following the sale of shares at $53.49 each, the insider now holds 6,361,730 shares.
Before that, BRADLEY S JACOBS had sold 50,000 shares from its account. In a trade valued at $2,564,723, the Chief Executive Officer traded XPO Logistics Inc. shares for $51.29 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $294.62 million.
As published in a research note from Morgan Stanley on July 08, 2022, XPO Logistics Inc. [XPO] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $75. This represents a 38.73% premium over Wednesday’s closing price. Analysts at Credit Suisse started covering the stock with ‘”an Outperform”‘ outlook in a report released in late June. As of March 11, 2022, BofA Securities has increased its “Neutral” rating to a “Buy” for XPO. Earlier on March 09, 2022, Cowen resumed its rating. Their recommendation was “an Outperform” for XPO stock.
Analyzing XPO’s Price Performance
On Wednesday, XPO Logistics Inc. [NYSE: XPO] plunged -1.08% to $45.95. The stock’s lowest price that day was $45.92, but it reached a high of $47.81 in the same session. During the last five days, there has been a drop of approximately -10.22%. Over the course of the year, XPO Logistics Inc. shares have dropped approximately -40.66%. Shares of the company reached a 52-week high of $79.63 on 03/29/22 and a 52-week low of $45.09 on 07/14/22. A 50-day SMA is recorded $54.16, while a 200-day SMA reached $60.77. Nevertheless, trading volume fell to 1.17 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for XPO Logistics Inc. (XPO)
According to the 24-hour chart, there is a support level at 45.31, which, if violated, would cause prices to drop to 44.67. In the upper region, resistance lies at 47.20. The next price resistance is at 48.45. RSI (Relative Strength Index) is 31.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.24, which suggests the price will decrease in the coming days. Percent R is at 91.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is XPO Logistics Inc. subject to short interest?
Stocks of XPO Logistics Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by 100000.0 shares to 3.89 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.99 million shares. A decline of -2.57% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.87 of the overall float, the days-to-cover ratio (short ratio) decline to 2.87.
Which companies own the most shares of XPO Logistics Inc. (XPO)?
According to MFN Partners Management LP filings, the company currently owns 12,675,369 shares, which is about 11.02% of the total XPO shares outstanding. The investor’s shares have appreciated by 1,555,519 from its previous 13-F filing of 11119850.0 shares. With the completion of the sale transaction, Orbis Investment Management Ltd.’s stake is now worth $524,960,824. The Vanguard Group, Inc. acquire a 6.37% interest valued at $516.21 million while BlackRock Fund Advisors sold a -94,478 stake. A total of 1,649,166 shares of XPO Logistics Inc. were sold by Fidelity Management & Research Co during the quarter, and -12,898 were sold by SSgA Funds Management, Inc. In its current portfolio, AllianceBernstein LP holds 2,869,495 shares valued at $150.42 million.
In terms of XPO Logistics Inc. share price expectations, FactSet research, analysts set an average price target of $81.00 in the next 12 months, up nearly 72.23% from the previous closing price of $46.45. Analysts anticipate XPO Logistics Inc. stock to reach $96.00 by 2022, with the lowest price target being $65.00. In spite of this, 25 analysts ranked XPO Logistics Inc. stock as a Buy at the end of 2022. On February 25, 2022, Evercore ISI assigned a price target of “an Outperform” to the stock and initiated coverage with a $91.