In a filing, RXO Inc revealed 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 $0.28 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 $321.81 million.
Truist initiated its RXO Inc [RXO] rating to a Buy in a research note published on March 13, 2025; the price target was $24. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early March with a ‘”a Hold”‘ rating. Citigroup revised its rating on November 12, 2024. It rated RXO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RXO
On Friday, RXO Inc [NYSE:RXO] saw its stock fall -1.85% to $18.59. Over the last five days, the stock has gained 0.70%. RXO Inc shares have fallen nearly -22.02% since the year began. Nevertheless, the stocks have fallen -6.35% over the past one year. While a 52-week high of $32.82 was reached on 01/28/25, a 52-week low of $17.50 was recorded on 03/12/25. SMA at 50 days reached $21.97, while 200 days put it at $25.92.
Levels Of Support And Resistance For RXO Stock
The 24-hour chart illustrates a support level at 18.33, which if violated will result in even more drops to 18.06. On the upside, there is a resistance level at 18.88. A further resistance level may holdings at 19.16. The Relative Strength Index (RSI) on the 14-day chart is 37.48, 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 low at 64.61%. Stochastics %K at 40.34% indicates the stock is a holding.
How much short interest is there in RXO Inc?
A steep rise in short interest was recorded in RXO Inc stocks on 2025-02-28, growing by 1.55 million shares to a total of 7.76 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 6.21 million shares. There was a rise of 20.0%, which implies that there is a positive sentiment for the stock.
