RXO Inc’s filing revealed that its Director Nettles Michelle acquired Company’s shares for reported $50202.0 on Nov 12 ’24. In the deal valued at $27.89 per share,1,800 shares were bought. As a result of this transaction, Nettles Michelle now holds 15,185 shares worth roughly $0.36 million.
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Then, MFN Partners, LP bought 10,266,810 shares, generating $207,492,230 in total proceeds. Upon buying the shares at $20.21, the 10% Owner now owns 27,577,666 shares.
Before that, MFN Partners, LP bought 61 shares. RXO Inc shares valued at $1,244 were divested by the 10% Owner at a price of $20.39 per share. As a result of the transaction, MFN Partners, LP now holds 17,310,856 shares, worth roughly $406.11 million.
A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. Citigroup started covering the stock on October 09, 2024. It rated RXO as “a Buy”.
Price Performance Review of RXO
On Monday, RXO Inc [NYSE:RXO] saw its stock fall -6.16% to $23.46. Over the last five days, the stock has lost -13.69%. RXO Inc shares have risen nearly 0.86% since the year began. Nevertheless, the stocks have fallen -1.22% over the past one year. While a 52-week high of $32.82 was reached on 07/31/24, a 52-week low of $18.75 was recorded on 04/30/24. SMA at 50 days reached $28.34, while 200 days put it at $25.37.
Levels Of Support And Resistance For RXO Stock
The 24-hour chart illustrates a support level at 23.00, which if violated will result in even more drops to 22.53. On the upside, there is a resistance level at 24.36. A further resistance level may holdings at 25.25. The Relative Strength Index (RSI) on the 14-day chart is 26.04, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.51%. Stochastics %K at 10.75% indicates the stock is a buying.
How much short interest is there in RXO Inc?
A steep rise in short interest was recorded in RXO Inc stocks on 2024-11-29, dropping by -0.59 million shares to a total of 3.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.06 million shares. There was a decline of -16.97%, which implies that there is a negative sentiment for the stock.
