QXO Inc’s recently made public that its 10% Owner MFN Partners, LP unloaded Company’s shares for reported $105.35 million on Nov 06 ’24. In the deal valued at $15.05 per share,7,000,000 shares were sold. As a result of this transaction, MFN Partners, LP now holds 46,908,701 shares worth roughly $722.39 million.
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Then, MFN Partners, LP sold 795,894 shares, generating $11,978,205 in total proceeds. Upon selling the shares at $15.05, the 10% Owner now owns 53,908,701 shares.
Before that, Meller Mark sold 21,624 shares. QXO Inc shares valued at $5,241,802 were divested by the Pres., SilverSun Technologies at a price of $242.41 per share. As a result of the transaction, Meller Mark now holds 174 shares, worth roughly $2679.6.
Price Performance Review of QXO
On Friday, QXO Inc [NASDAQ:QXO] saw its stock jump 1.12% to $15.40. Over the last five days, the stock has lost -4.05%. QXO Inc shares have fallen nearly -86.49% since the year began. Nevertheless, the stocks have fallen -34.91% 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 $15.14, while 200 days put it at $72.99.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 14.99, which if violated will result in even more drops to 14.58. On the upside, there is a resistance level at 15.70. A further resistance level may holdings at 16.00. The Relative Strength Index (RSI) on the 14-day chart is 48.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.36%. Stochastics %K at 22.22% 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 2024-10-31, growing by 0.76 million shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.25 million shares. There was a rise of 15.2%, which implies that there is a positive sentiment for the stock.
