Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. QXO Inc. shares valued at $11,978,205 were sold by MFN Partners, LP on Aug 26 ’24. At $15.05 per share, MFN Partners, LP sold 795,894 shares. The insider’s holdings dropped to 53,908,701 shares worth approximately $758.5 million following the completion of this transaction.
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Also, Meller Mark sold 21,624 shares, netting a total of over 5,241,802 in proceeds. Following the sale of shares at $242.41 each, the insider now holds 174 shares.
Before that, Meller Mark had sold 53,856 shares from its account. In a trade valued at $989,997, the Chief Executive Officer traded QXO Inc. shares for $18.38 each. Upon closing the transaction, the insider’s holdings decreased to 53,856 shares, worth approximately $3.05 million.
Analyzing QXO Stock Performance
During the last five days, there has been a surge of approximately 4.15%. Over the course of the year, QXO Inc. shares have dropped approximately -87.66%. Shares of the company reached a 52-week high of $290.00 on 06/10/24 and a 52-week low of $10.61 on 08/07/24. A 50-day SMA is recorded $43.79, while a 200-day SMA reached $92.59. Nevertheless, trading volume fell to 2.1 million shares from 6.03 million shares the previous day.
Support And Resistance Levels for QXO Inc. (QXO)
According to the 24-hour chart, there is a support level at 13.65, which, if violated, would cause prices to drop to 13.23. In the upper region, resistance lies at 14.65. The next price resistance is at 15.23. RSI (Relative Strength Index) is 37.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.89, which suggests the price will increase in the coming days. Percent R is at 30.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
