In a filing, QXO Inc revealed 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 $748.19 million.
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 $2775.2999999999997.
Price Performance Review of QXO
On Friday, QXO Inc [NASDAQ:QXO] saw its stock jump 3.77% to $15.95. Over the last five days, the stock has gained 0.44%. QXO Inc shares have risen nearly 0.31% since the year began. Nevertheless, the stocks have fallen -84.30% over the past one year. While a 52-week high of $290.00 was reached on 01/02/25, a 52-week low of $10.61 was recorded on 01/03/25. SMA at 50 days reached $16.00, while 200 days put it at $56.83.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 15.39, which if violated will result in even more drops to 14.82. On the upside, there is a resistance level at 16.26. A further resistance level may holdings at 16.56. The Relative Strength Index (RSI) on the 14-day chart is 49.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.14%. Stochastics %K at 36.71% 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 2024-12-13, dropping by -0.53 million shares to a total of 4.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.99 million shares. There was a decline of -11.89%, which implies that there is a negative sentiment for the stock.
