XPO Inc’s filing revealed that its Director Landry Allison unloaded Company’s shares for reported $0.2 million on May 23 ’24. In the deal valued at $104.52 per share,1,875 shares were sold. As a result of this transaction, Landry Allison now holds 6,965 shares worth roughly $0.74 million.
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Then, MFN Partners, LP sold 1,250,000 shares, generating $141,222,334 in total proceeds. Upon selling the shares at $112.98, the 10% Owner now owns 11,425,369 shares.
Before that, Harik Mario A sold 9,383 shares. XPO Inc shares valued at $821,857 were divested by the Chief Executive Officer at a price of $87.59 per share. As a result of the transaction, Harik Mario A now holds 133,571 shares, worth roughly $14.19 million.
Wells Fargo initiated its XPO Inc [XPO] rating to an Overweight in a research note published on June 07, 2024; the price target was $125. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in late May from “a Hold” to “a Buy”. TD Cowen also remained covering XPO and reiterated its “Buy” recommendation on May 06, 2024. TD Cowen maintained its rating on March 07, 2024. It rated XPO as “an Outperform”.
Price Performance Review of XPO
On Friday, XPO Inc [NYSE:XPO] saw its stock jump 0.29% to $106.26. Over the last five days, the stock has lost -4.73%. XPO Inc shares have risen nearly 21.32% since the year began. Nevertheless, the stocks have risen 43.01% over the past one year. While a 52-week high of $130.51 was reached on 04/08/24, a 52-week low of $65.80 was recorded on 01/17/24. SMA at 50 days reached $112.49, while 200 days put it at $109.46.
Levels Of Support And Resistance For XPO Stock
The 24-hour chart illustrates a support level at 104.55, which if violated will result in even more drops to 102.85. On the upside, there is a resistance level at 108.43. A further resistance level may holdings at 110.61. The Relative Strength Index (RSI) on the 14-day chart is 41.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.30%. Stochastics %K at 15.03% indicates the stock is a buying.
How much short interest is there in XPO Inc?
A steep rise in short interest was recorded in XPO Inc stocks on 2024-09-13, growing by 0.17 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.74 million shares. There was a rise of 2.47%, which implies that there is a positive sentiment for the stock.
