RXO Inc’s filing revealed that its Director Nettles Michelle acquired Company’s shares for reported $50202.0 on Nov 12 ’24. In the deal valued at $27.89 per share,1,800 shares were bought. As a result of this transaction, Nettles Michelle now holds 15,185 shares worth roughly $0.3 million.
Then, MFN Partners, LP bought 10,266,810 shares, generating $207,492,230 in total proceeds. Upon buying the shares at $20.21, the 10% Owner now owns 27,577,666 shares.
Before that, MFN Partners, LP bought 61 shares. RXO Inc shares valued at $1,244 were divested by the 10% Owner at a price of $20.39 per share. As a result of the transaction, MFN Partners, LP now holds 17,310,856 shares, worth roughly $342.93 million.
Deutsche Bank initiated its RXO Inc [RXO] rating to a Hold in a research note published on March 07, 2025; the price target was $19. Citigroup also remained covering RXO and has decreased its forecast on November 12, 2024 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of RXO
On Friday, RXO Inc [NYSE:RXO] saw its stock fall -3.03% to $19.81. Over the last five days, the stock has lost -3.22%. RXO Inc shares have fallen nearly -16.90% since the year began. Nevertheless, the stocks have fallen -3.37% over the past one year. While a 52-week high of $32.82 was reached on 01/28/25, a 52-week low of $18.75 was recorded on 03/04/25. SMA at 50 days reached $23.13, while 200 days put it at $26.00.
Levels Of Support And Resistance For RXO Stock
The 24-hour chart illustrates a support level at 19.39, which if violated will result in even more drops to 18.97. On the upside, there is a resistance level at 20.31. A further resistance level may holdings at 20.81. The Relative Strength Index (RSI) on the 14-day chart is 36.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.09%. Stochastics %K at 32.29% indicates the stock is a holding.
The most recent change occurred on October 09, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.
