QXO Inc.’s recent filing unveils that its 10% Owner MFN Partners, LP unloaded Company’s shares for reported $11.98 million on Aug 26 ’24. In the deal valued at $15.05 per share,795,894 shares were sold. As a result of this transaction, MFN Partners, LP now holds 53,908,701 shares worth roughly $835.58 million.
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Then, Meller Mark sold 21,624 shares, generating $5,241,802 in total proceeds. Upon selling the shares at $242.41, the Pres., SilverSun Technologies now owns 174 shares.
Before that, Meller Mark sold 53,856 shares. QXO Inc. shares valued at $989,997 were divested by the Chief Executive Officer at a price of $18.38 per share. As a result of the transaction, Meller Mark now holds 217,088 shares, worth roughly $3.36 million.
Price Performance Review of QXO
On Monday, QXO Inc. [NASDAQ:QXO] saw its stock jump 2.72% to $15.50. Over the last five days, the stock has gained 0.45%. QXO Inc. shares have fallen nearly -86.41% since the year began. Nevertheless, the stocks have fallen -26.17% over the past one year. While a 52-week high of $290.00 was reached on 06/10/24, a 52-week low of $10.61 was recorded on 08/07/24. SMA at 50 days reached $14.63, while 200 days put it at $79.64.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 15.21, which if violated will result in even more drops to 14.91. On the upside, there is a resistance level at 15.65. A further resistance level may holdings at 15.80. The Relative Strength Index (RSI) on the 14-day chart is 49.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.51%. Stochastics %K at 57.99% indicates the stock is a holding.
How much short interest is there in QXO Inc.?
A steep rise in short interest was recorded in QXO Inc. stocks on 2024-10-15, growing by 3.02 million shares to a total of 4.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.59 million shares. There was a rise of 65.44%, which implies that there is a positive sentiment for the stock.
