Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RXO Inc shares valued at $207,492,230 were purchased by MFN Partners, LP on Aug 12 ’24. At $20.21 per share, MFN Partners, LP acquired 10,266,810 shares. The insider’s holdings grew to 27,577,666 shares worth approximately $781.28 million following the completion of this transaction.
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Also, MFN Partners, LP purchased 61 shares, netting a total of over 1,244 in proceeds. Following the buying of shares at $20.39 each, the insider now holds 17,310,856 shares.
Before that, MFN Partners, LP had added 361 shares to its account. In a trade valued at $7,364, the 10% Owner bought RXO Inc shares for $20.40 each. Upon closing the transaction, the insider’s holdings increased to 361 shares, worth approximately $490.41 million.
As published in their initiating research note from Citigroup on October 09, 2024, RXO Inc [RXO] has been a Buy and the price target has been revised to $33. As of May 03, 2024, TD Cowen has reiterated its “Hold” rating for RXO. Earlier on February 09, 2024, TD Cowen resumed its rating. Their recommendation was “a Market perform” for RXO stock.
Analyzing RXO Stock Performance
During the last five days, there has been a drop of approximately -4.29%. Over the course of the year, RXO Inc shares have jumped approximately 21.80%. Shares of the company reached a 52-week high of $32.82 on 07/31/24 and a 52-week low of $18.75 on 04/30/24. A 50-day SMA is recorded $27.84, while a 200-day SMA reached $23.97. Nevertheless, trading volume fell to 0.68 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for RXO Inc (RXO)
According to the 24-hour chart, there is a support level at 27.89, which, if violated, would cause prices to drop to 27.44. In the upper region, resistance lies at 28.86. The next price resistance is at 29.38. RSI (Relative Strength Index) is 50.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 53.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
