QXO Inc’s filing revealed 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 $601.37 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 $2230.68.
Price Performance Review of QXO
On Friday, QXO Inc [NYSE:QXO] saw its stock jump 1.42% to $12.82. Over the last five days, the stock has lost -4.19%. QXO Inc shares have fallen nearly -19.37% since the year began. Nevertheless, the stocks have fallen -86.33% 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 $13.69, while 200 days put it at $33.61.
Levels Of Support And Resistance For QXO Stock
The 24-hour chart illustrates a support level at 12.56, which if violated will result in even more drops to 12.30. On the upside, there is a resistance level at 13.02. A further resistance level may holdings at 13.22. The Relative Strength Index (RSI) on the 14-day chart is 45.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.82%. Stochastics %K at 34.41% 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 2025-02-28, growing by 2.35 million shares to a total of 7.48 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.13 million shares. There was a rise of 31.45%, which implies that there is a positive sentiment for the stock.
