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 $627.64 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 $2328.1200000000003.
Price Performance Review of QXO
On Friday, QXO Inc [NYSE:QXO] saw its stock jump 1.98% to $13.38. Over the last five days, the stock has gained 5.02%. QXO Inc shares have fallen nearly -15.85% since the year began. Nevertheless, the stocks have fallen -86.68% 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 02/25/25. SMA at 50 days reached $13.95, while 200 days put it at $36.45.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 13.06, which if violated will result in even more drops to 12.74. On the upside, there is a resistance level at 13.55. A further resistance level may holdings at 13.72. The Relative Strength Index (RSI) on the 14-day chart is 52.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.36%. Stochastics %K at 78.01% indicates the stock is a holding.
