The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. RXO Inc shares valued at $50,202 were purchased by Nettles Michelle on Nov 12 ’24. At $27.89 per share, Nettles Michelle acquired 1,800 shares. The insider’s holdings grew to 15,185 shares worth approximately $0.38 million following the completion of this transaction.
Also, MFN Partners, LP purchased 10,266,810 shares, netting a total of over 207,492,230 in proceeds. Following the buying of shares at $20.21 each, the insider now holds 27,577,666 shares.
Before that, MFN Partners, LP had added 61 shares to its account. In a trade valued at $1,244, the 10% Owner bought RXO Inc shares for $20.39 each. Upon closing the transaction, the insider’s holdings increased to 61 shares, worth approximately $436.23 million.
Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. Earlier on October 09, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for RXO stock.
Analyzing RXO Stock Performance
During the last five days, there has been a surge of approximately 5.70%. Over the course of the year, RXO Inc shares have jumped approximately 5.70%. Shares of the company reached a 52-week high of $26.05 on 01/06/25 and a 52-week low of $23.53 on 01/03/25. A 50-day SMA is recorded $27.46, while a 200-day SMA reached $25.57. Nevertheless, trading volume fell to 0.69 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for RXO Inc (RXO)
According to the 24-hour chart, there is a support level at 24.77, which, if violated, would cause prices to drop to 24.35. In the upper region, resistance lies at 25.48. The next price resistance is at 25.77. RSI (Relative Strength Index) is 44.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 51.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
