A Guide To The Risks Of Investing In GXO Logistics Inc. (GXO)


GXO Logistics Inc.’s filing revealed that its Director Ashe Gena L unloaded Company’s shares for reported $0.11 million on Jan 17. In the deal valued at $52.73 per share,2,120 shares were sold. As a result of this transaction, Ashe Gena L now holds 0 shares worth roughly $ 0.0.

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Then, Wilson Malcolm bought 4,174 shares, generating $183,531 in total proceeds. Upon buying the shares at $43.97, the Chief Executive Officer now owns 45,509 shares.

Before that, BRADLEY S JACOBS sold 5,167,500 shares. GXO Logistics Inc. shares valued at $249,848,625 were divested by the Director at a price of $48.35 per share. As a result of the transaction, BRADLEY S JACOBS now holds 1,300,701 shares, worth roughly $58.53 million.

Exane BNP Paribas downgraded its GXO Logistics Inc. [GXO] rating to an Underperform from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of -12.5 to its Monday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early January from “an Equal-weight” to “an Overweight”. Exane BNP Paribas began covering GXO with “Neutral” recommendation on December 01, 2022. Jefferies started covering the stock on October 25, 2022. It rated GXO as “a Buy”.

Price Performance Review of GXO

On Monday, GXO Logistics Inc. [NYSE:GXO] saw its stock fall -2.91% to $45.00. On the same session, the stock had its day’s lowest price of $44.18, but rose to a high of $45.86. Over the last five days, the stock has lost -11.56%. GXO Logistics Inc. shares have risen nearly 5.41% since the year began. Nevertheless, the stocks have fallen -33.60% over the past one year. While a 52-week high of $79.54 was reached on 02/03/23, a 52-week low of $32.10 was recorded on 01/05/23. SMA at 50 days reached $50.35, while 200 days put it at $45.09. A total of 1.08 million shares were traded, compared to the trading of 0.7 million shares in the previous session.

Levels Of Support And Resistance For GXO Stock

The 24-hour chart illustrates a support level at 44.17, which if violated will result in even more drops to 43.33. On the upside, there is a resistance level at 45.85. A further resistance level may holdings at 46.69. The Relative Strength Index (RSI) on the 14-day chart is 32.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.98%. Stochastics %K at 8.04% indicates the stock is a buying.

How much short interest is there in GXO Logistics Inc.?

A steep rise in short interest was recorded in GXO Logistics Inc. stocks on Jan 30, 2023, dropping by -0.21 million shares to a total of 5.33 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 5.54 million shares. There was a decline of -3.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.03% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.34.

GXO Logistics Inc. [GXO] – Who Are The Largest Shareholders?

In filings from Orbis Investment Management Ltd., it is revealed that the company now owns 14,793,747 shares, or roughly 12.46% of the outstanding GXO shares. In other words, the investor’s shares have risen by 997,802 from its previous 13-F filing of 13795945.0. Additionally, The Vanguard Group, Inc. increased 1.70% of its stake after which the total value it holdings stand at $536,358,999, while BlackRock Fund Advisors added 17.90% of its stake to hold $464.72 million in the firm. Over the last quarter, J.O. Hambro Capital Management Lt sold -140,039 shares of GXO Logistics Inc., while American Century Investment Manag sold -131,198 shares. At present, SSgA Funds Management, Inc. is holding 3,371,316 shares valued at $167.12 million. Neuberger Berman Investment Advis owned 2,505,874 shares of the company at the time of its most recent 13F filing, worth $124.22 million.

According to FactSet, GXO Logistics Inc.’s share price will average $60.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.61 percent from its previous closing price of $46.35. Analysts expect GXO Logistics Inc. stock to reach the higher price of $74.00, while the lowest price estimate is $47.00. However, 17 analysts have rated GXO stock as a Buy in their predictions for 2023. The most recent change occurred on August 04, 2022 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $67.


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