XPO Inc’s recent filing unveils 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 $0.8 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 $15.43 million.
Citigroup initiated its XPO Inc [XPO] rating to a Buy in a research note published on October 09, 2024; the price target was $127. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. Stifel also remained covering XPO and has increased its forecast on May 24, 2024 with a “Buy” recommendation from previously “Hold” rating. TD Cowen maintained its rating on May 06, 2024. It rated XPO as “a Buy”.
Price Performance Review of XPO
On Friday, XPO Inc [NYSE:XPO] saw its stock jump 3.79% to $115.54. Over the last five days, the stock has gained 8.73%. XPO Inc shares have risen nearly 31.91% since the year began. Nevertheless, the stocks have risen 45.85% 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 $112.20, while 200 days put it at $109.99.
Levels Of Support And Resistance For XPO Stock
The 24-hour chart illustrates a support level at 113.26, which if violated will result in even more drops to 110.98. On the upside, there is a resistance level at 116.81. A further resistance level may holdings at 118.08. The Relative Strength Index (RSI) on the 14-day chart is 60.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.39%. Stochastics %K at 60.62% indicates the stock is a holding.
How much short interest is there in XPO Inc?
A steep rise in short interest was recorded in XPO Inc stocks on 2024-09-30, dropping by -1.2 million shares to a total of 5.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.09 million shares. There was a decline of -20.29%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 07, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $136.
