Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GXO Logistics Inc shares valued at $499,500 were purchased by Wilson Malcolm on Jun 11 ’24. At $49.95 per share, Wilson Malcolm acquired 10,000 shares. The insider’s holdings grew to 100,814 shares worth approximately $5.02 million following the completion of this transaction.
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Also, Ashe Gena L sold 13,370 shares, netting a total of over 668,500 in proceeds. Following the sale of shares at $50.00 each, the insider now holds 7,481 shares.
Before that, Ashe Gena L had sold 4,737 shares from its account. In a trade valued at $236,850, the Director traded GXO Logistics Inc shares for $50.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,737 shares, worth approximately $1.04 million.
As published in their initiating research note from Citigroup on October 09, 2024, GXO Logistics Inc [GXO] has been a Buy and the price target has been revised to $60. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in early June. As of April 25, 2024, TD Cowen has reiterated its “Buy” rating for GXO. Earlier on March 27, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “a Neutral” for GXO stock which previously was a “an Underperform”.
Analyzing GXO Stock Performance
During the last five days, there has been a drop of approximately -17.42%. Over the course of the year, GXO Logistics Inc shares have dropped approximately -18.51%. Shares of the company reached a 52-week high of $63.33 on 10/17/24 and a 52-week low of $46.07 on 08/12/24. A 50-day SMA is recorded $58.07, while a 200-day SMA reached $52.44. Nevertheless, trading volume fell to 2.6 million shares from 5.45 million shares the previous day.
Support And Resistance Levels for GXO Logistics Inc (GXO)
According to the 24-hour chart, there is a support level at 49.01, which, if violated, would cause prices to drop to 48.18. In the upper region, resistance lies at 51.06. The next price resistance is at 52.28. RSI (Relative Strength Index) is 25.17 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.23, which suggests the price will decrease in the coming days. Percent R is at 96.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
