QXO Inc.’s recently made public that its Pres., SilverSun Technologies Meller Mark unloaded Company’s shares for reported $5.24 million on Jun 10 ’24. In the deal valued at $242.41 per share,21,624 shares were sold. As a result of this transaction, Meller Mark now holds 174 shares worth roughly $2195.8799999999997.
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Then, Meller Mark sold 53,856 shares, generating $989,997 in total proceeds. Upon selling the shares at $18.38, the Chief Executive Officer now owns 217,088 shares.
Before that, Meller Mark sold 42,700 shares. QXO Inc. shares valued at $802,360 were divested by the Chief Executive Officer at a price of $18.79 per share. As a result of the transaction, Meller Mark now holds 174,388 shares, worth roughly $2.2 million.
Price Performance Review of QXO
On Friday, QXO Inc. [NASDAQ:QXO] saw its stock jump 11.19% to $12.62. Over the last five days, the stock has gained 13.08%. QXO Inc. shares have fallen nearly -88.93% since the year began. Nevertheless, the stocks have fallen -50.17% over the past one year. While a 52-week high of $290.00 was reached on 06/10/24, a 52-week low of $10.61 was recorded on 08/07/24. SMA at 50 days reached $71.39, while 200 days put it at $93.11.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 11.56, which if violated will result in even more drops to 10.50. On the upside, there is a resistance level at 13.28. A further resistance level may holdings at 13.94. The Relative Strength Index (RSI) on the 14-day chart is 36.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.45%. Stochastics%K at 29.95% indicates the stock is a holding.
How much short interest is there in QXO Inc.?
A steep rise in short interest was recorded in QXO Inc. stocks on 2024-07-31, growing by 2.66 million shares to a total of 2.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 84352.0 shares. There was a rise of 96.92%, which implies that there is a positive sentiment for the stock.
