Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. XPO Inc shares valued at $821,857 were sold by Harik Mario A on Dec 31 ’23. At $87.59 per share, Harik Mario A sold 9,383 shares. The insider’s holdings dropped to 133,571 shares worth approximately $16.95 million following the completion of this transaction.
Also, FRYE J WES purchased 1,500 shares, netting a total of over 119,565 in proceeds. Following the buying of shares at $79.71 each, the insider now holds 3,000 shares.
Before that, Landry Allison had sold 1,600 shares from its account. In a trade valued at $85,120, the Director traded XPO Inc shares for $53.20 each. Upon closing the transaction, the insider’s holdings decreased to 1,600 shares, worth approximately $0.43 million.
As published in a research note from TD Cowen on March 07, 2024, XPO Inc [XPO] has been retained to an Outperform and the price target has been revised to $136. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid February. As of February 08, 2024, TD Cowen has reiterated its “an Outperform” rating for XPO. Earlier on December 06, 2023, TD Cowen resumed its rating. Their recommendation was “an Outperform” for XPO stock.
Analyzing XPO Stock Performance
During the last five days, there has been a surge of approximately 3.72%. Over the course of the year, XPO Inc shares have jumped approximately 44.90%. Shares of the company reached a 52-week high of $130.51 on 04/08/24 and a 52-week low of $80.26 on 01/17/24. A 50-day SMA is recorded $119.26, while a 200-day SMA reached $86.86. Nevertheless, trading volume fell to 0.71 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for XPO Inc (XPO)
According to the 24-hour chart, there is a support level at 125.28, which, if violated, would cause prices to drop to 123.63. In the upper region, resistance lies at 127.86. The next price resistance is at 128.79. RSI (Relative Strength Index) is 59.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.29, which suggests the price will increase in the coming days. Percent R is at 27.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is XPO Inc subject to short interest?
Stocks of XPO Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by 90000.0 shares to 4.81 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.9 million shares. A decline of -1.87% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.06 of the overall float, the days-to-cover ratio (short ratio) decline to 4.06.
