QXO Inc’s filing revealed 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 $799.32 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 $2964.96.
Price Performance Review of QXO
On Friday, QXO Inc [NASDAQ:QXO] saw its stock jump 2.40% to $17.04. Over the last five days, the stock has gained 10.65%. QXO Inc shares have fallen nearly -85.06% since the year began. Nevertheless, the stocks have fallen -31.82% 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 $15.26, while 200 days put it at $70.83.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 16.50, which if violated will result in even more drops to 15.97. On the upside, there is a resistance level at 17.37. A further resistance level may holdings at 17.71. The Relative Strength Index (RSI) on the 14-day chart is 65.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.28%. Stochastics %K at 57.22% 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.
