GXO Logistics Inc’s recent filing unveils that its Director Ashe Gena L unloaded Company’s shares for reported $0.67 million on Mar 08 ’24. In the deal valued at $50.00 per share,13,370 shares were sold. As a result of this transaction, Ashe Gena L now holds 7,481 shares worth roughly $0.39 million.
Then, Ashe Gena L sold 4,737 shares, generating $236,850 in total proceeds. Upon selling the shares at $50.00, the Director now owns 20,851 shares.
Before that, Ashe Gena L sold 10,526 shares. GXO Logistics Inc shares valued at $612,048 were divested by the Director at a price of $58.15 per share. As a result of the transaction, Ashe Gena L now holds 15,062 shares, worth roughly $0.79 million.
Exane BNP Paribas upgraded its GXO Logistics Inc [GXO] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid February has reiterated a ‘”an Outperform”‘ rating for it. TD Cowen also remained covering GXO and reiterated its “an Outperform” recommendation on January 12, 2024. UBS started covering the stock on August 22, 2023. It rated GXO as “a Buy”.
Price Performance Review of GXO
On Monday, GXO Logistics Inc [NYSE:GXO] saw its stock jump 0.63% to $52.35. Over the last five days, the stock has lost -0.53%. GXO Logistics Inc shares have fallen nearly -14.40% since the year began. Nevertheless, the stocks have risen 7.54% over the past one year. While a 52-week high of $67.57 was reached on 01/02/24, a 52-week low of $47.81 was recorded on 03/05/24. SMA at 50 days reached $52.52, while 200 days put it at $57.55. A total of 0.72 million shares were traded, compared to the trading of 1.06 million shares in the previous session.
Levels Of Support And Resistance For GXO Stock
The 24-hour chart illustrates a support level at 51.98, which if violated will result in even more drops to 51.62. On the upside, there is a resistance level at 52.88. A further resistance level may holdings at 53.41. The Relative Strength Index (RSI) on the 14-day chart is 53.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.49%. Stochastics %K at 53.89% indicates the stock is a holding.
How much short interest is there in GXO Logistics Inc?
A steep rise in short interest was recorded in GXO Logistics Inc stocks on Mar 15, 2024, dropping by 90000.0 shares to a total of 2.29 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.38 million shares. There was a decline of -3.93%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.24% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.02.
