The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. XPO Inc shares valued at $195,975 were sold by Landry Allison on May 23 ’24. At $104.52 per share, Landry Allison sold 1,875 shares. The insider’s holdings dropped to 6,965 shares worth approximately $1.04 million following the completion of this transaction.
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Also, MFN Partners, LP sold 1,250,000 shares, netting a total of over 141,222,334 in proceeds. Following the sale of shares at $112.98 each, the insider now holds 11,425,369 shares.
Before that, Harik Mario A had sold 9,383 shares from its account. In a trade valued at $821,857, the Chief Executive Officer traded XPO Inc shares for $87.59 each. Upon closing the transaction, the insider’s holdings decreased to 9,383 shares, worth approximately $19.97 million.
As published in their initiating research note from Citigroup on October 09, 2024, XPO Inc [XPO] has been a Buy and the price target has been revised to $127. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in early June. As of May 24, 2024, Stifel has increased its “Hold” rating to a “Buy” for XPO. Earlier on May 06, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for XPO stock.
Analyzing XPO Stock Performance
During the last five days, there has been a drop of approximately -1.46%. Over the course of the year, XPO Inc shares have jumped approximately 70.69%. Shares of the company reached a 52-week high of $156.85 on 11/11/24 and a 52-week low of $80.26 on 01/17/24. A 50-day SMA is recorded $117.72, while a 200-day SMA reached $114.95. Nevertheless, trading volume fell to 0.99 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for XPO Inc (XPO)
According to the 24-hour chart, there is a support level at 148.39, which, if violated, would cause prices to drop to 147.27. In the upper region, resistance lies at 151.73. The next price resistance is at 153.95. RSI (Relative Strength Index) is 71.96 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.89, which suggests the price will increase in the coming days. Percent R is at 16.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
