QXO Inc’s recently made public that 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 $ 617.32 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 $2289.84.
Price Performance Review of QXO
On Friday, QXO Inc [NYSE:QXO] saw its stock fall -0.68% to $13.16. Over the last five days, the stock has lost -0.90%. QXO Inc shares have fallen nearly -17.23% since the year began. Nevertheless, the stocks have fallen -86.59% over the past one year. While a 52-week high of $290.00 was reached on 01/07/25, a 52-week low of $10.61 was recorded on 02/03/25. SMA at 50 days reached $15.00, while 200 days put it at $43.83.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 13.01, which if violated will result in even more drops to 12.87. On the upside, there is a resistance level at 13.36. A further resistance level may holdings at 13.57. The Relative Strength Index (RSI) on the 14-day chart is 37.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.87%. Stochastics %K at 20.56% 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 2025-01-31, dropping by -0.73 million shares to a total of 5.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 5.85 million shares. There was a decline of -14.19%, which implies that there is a negative sentiment for the stock.
