Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. QXO Inc shares valued at $105,350,000 were sold by MFN Partners, LP on Nov 06 ’24. At $15.05 per share, MFN Partners, LP sold 7,000,000 shares. The insider’s holdings dropped to 46,908,701 shares worth approximately $735.53 million following the completion of this transaction.
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Also, MFN Partners, LP sold 795,894 shares, netting a total of over 11,978,205 in proceeds. Following the sale of shares at $15.05 each, the insider now holds 53,908,701 shares.
Before that, Meller Mark had sold 21,624 shares from its account. In a trade valued at $5,241,802, the Pres., SilverSun Technologies traded QXO Inc shares for $242.41 each. Upon closing the transaction, the insider’s holdings decreased to 21,624 shares, worth approximately $2728.32.
Analyzing QXO Stock Performance
During the last five days, there has been a drop of approximately -3.62%. Over the course of the year, QXO Inc shares have dropped approximately -86.24%. Shares of the company reached a 52-week high of $290.00 on 06/10/24 and a 52-week low of $10.61 on 08/07/24. A 50-day SMA is recorded $15.97, while a 200-day SMA reached $59.70. Nevertheless, trading volume fell to 0.71 million shares from 2.02 million shares the previous day.
Support And Resistance Levels for QXO Inc (QXO)
According to the 24-hour chart, there is a support level at 15.32, which, if violated, would cause prices to drop to 14.95. In the upper region, resistance lies at 15.87. The next price resistance is at 16.06. RSI (Relative Strength Index) is 45.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.80, which suggests the price will decrease in the coming days. Percent R is at 75.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
