GXO Logistics Inc’s filing revealed that its Chief Executive Officer Wilson Malcolm acquired Company’s shares for reported $0.5 million on Jun 11 ’24. In the deal valued at $49.95 per share,10,000 shares were bought. As a result of this transaction, Wilson Malcolm now holds 100,814 shares worth roughly $5.19 million.
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Then, Ashe Gena L sold 13,370 shares, generating $668,500 in total proceeds. Upon selling the shares at $50.00, the Director now owns 7,481 shares.
Before that, Ashe Gena L sold 4,737 shares. GXO Logistics Inc shares valued at $236,850 were divested by the Director at a price of $50.00 per share. As a result of the transaction, Ashe Gena L now holds 20,851 shares, worth roughly $1.07 million.
Wells Fargo initiated its GXO Logistics Inc [GXO] rating to an Overweight in a research note published on June 07, 2024; the price target was $58. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Buy”‘ rating for it. Exane BNP Paribas also remained covering GXO and has increased its forecast on March 27, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. TD Cowen maintained its rating on February 15, 2024. It rated GXO as “an Outperform”.
Price Performance Review of GXO
On Friday, GXO Logistics Inc [NYSE:GXO] saw its stock fall -2.59% to $51.51. Over the last five days, the stock has gained 1.50%. GXO Logistics Inc shares have fallen nearly -15.78% since the year began. Nevertheless, the stocks have fallen -11.07% over the past one year. While a 52-week high of $63.07 was reached on 01/02/24, a 52-week low of $46.07 was recorded on 08/12/24. SMA at 50 days reached $50.77, while 200 days put it at $52.45.
Levels Of Support And Resistance For GXO Stock
The 24-hour chart illustrates a support level at 51.15, which if violated will result in even more drops to 50.78. On the upside, there is a resistance level at 52.15. A further resistance level may holdings at 52.78. The Relative Strength Index (RSI) on the 14-day chart is 57.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.76%. Stochastics %K at 76.09% 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 2024-08-30, dropping by -0.15 million shares to a total of 3.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.68 million shares. There was a decline of -4.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 12, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $70.
