GXO Logistics Inc’s recently made public that its Chief Executive Officer Wilson Malcolm acquired Company’s shares for reported $0.5 million on Jun 11 ’24. In the deal valued at $49.95 per share,10,000 shares were bought. As a result of this transaction, Wilson Malcolm now holds 100,814 shares worth roughly $6.09 million.
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Then, Ashe Gena L sold 13,370 shares, generating $668,500 in total proceeds. Upon selling the shares at $50.00, the Director now owns 7,481 shares.
Before that, Ashe Gena L sold 4,737 shares. GXO Logistics Inc shares valued at $236,850 were divested by the Director at a price of $50.00 per share. As a result of the transaction, Ashe Gena L now holds 20,851 shares, worth roughly $1.26 million.
Citigroup initiated its GXO Logistics Inc [GXO] rating to a Buy in a research note published on October 09, 2024; the price target was $60. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. TD Cowen also remained covering GXO and reiterated its “Buy” recommendation on April 25, 2024. Exane BNP Paribas revised its rating on March 27, 2024. It rated GXO as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of GXO
On Monday, GXO Logistics Inc [NYSE:GXO] saw its stock fall -0.71% to $60.40. Over the last five days, the stock has lost -0.12%. GXO Logistics Inc shares have fallen nearly -1.24% since the year began. Nevertheless, the stocks have risen 7.36% over the past one year. While a 52-week high of $63.33 was reached on 10/17/24, a 52-week low of $46.07 was recorded on 08/12/24. SMA at 50 days reached $57.96, while 200 days put it at $52.46.
Levels Of Support And Resistance For GXO Stock
The 24-hour chart illustrates a support level at 60.06, which if violated will result in even more drops to 59.73. On the upside, there is a resistance level at 60.94. A further resistance level may holdings at 61.49. The Relative Strength Index (RSI) on the 14-day chart is 54.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.80%. Stochastics %K at 67.22% indicates the stock is a holding.
How much short interest is there in GXO Logistics Inc?
A steep rise in short interest was recorded in GXO Logistics Inc stocks on 2024-11-15, dropping by -0.93 million shares to a total of 2.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.61 million shares. There was a decline of -34.39%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 15, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $78.
