XPO Inc’s recently made public that its Director Landry Allison unloaded Company’s shares for reported $0.2 million on May 23 ’24. In the deal valued at $104.52 per share,1,875 shares were sold. As a result of this transaction, Landry Allison now holds 6,965 shares worth roughly $0.94 million.
Then, MFN Partners, LP sold 1,250,000 shares, generating $141,222,334 in total proceeds. Upon selling the shares at $112.98, the 10% Owner now owns 11,425,369 shares.
Susquehanna downgraded its XPO Inc [XPO] rating to a Neutral from a a Positive in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Wells Fargo began covering XPO with “an Overweight” recommendation on June 07, 2024. Stifel revised its rating on May 24, 2024. It rated XPO as “a Buy” which previously was an “a Hold”.
Price Performance Review of XPO
On Tuesday, XPO Inc [NYSE:XPO] saw its stock fall -4.01% to $135.46. Over the last five days, the stock has gained 2.16%. XPO Inc shares have risen nearly 3.29% since the year began. Nevertheless, the stocks have risen 64.65% over the past one year. While a 52-week high of $161.00 was reached on 01/06/25, a 52-week low of $80.26 was recorded on 01/02/25. SMA at 50 days reached $144.11, while 200 days put it at $120.19.
Levels Of Support And Resistance For XPO Stock
The 24-hour chart illustrates a support level at 133.20, which if violated will result in even more drops to 130.94. On the upside, there is a resistance level at 138.85. A further resistance level may holdings at 142.24. The Relative Strength Index (RSI) on the 14-day chart is 42.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.45%. Stochastics %K at 27.75% indicates the stock is a holding.
How much short interest is there in XPO Inc?
A steep rise in short interest was recorded in XPO Inc stocks on 2024-12-13, growing by 0.13 million shares to a total of 6.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.0 million shares. There was a rise of 2.19%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 06, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $138.
