RXO Inc’s recently made public 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 $0.22 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 $250.66 million.
Oppenheimer downgraded its RXO Inc [RXO] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Deutsche Bank began covering RXO with “Hold” recommendation on March 07, 2025.
Price Performance Review of RXO
On Friday, RXO Inc [NYSE:RXO] saw its stock fall -8.18% to $14.48. Over the last five days, the stock has lost -23.22%. RXO Inc shares have fallen nearly -39.26% since the year began. Nevertheless, the stocks have fallen -32.68% over the past one year. While a 52-week high of $32.82 was reached on 01/28/25, a 52-week low of $15.67 was recorded on 04/04/25. SMA at 50 days reached $20.57, while 200 days put it at $25.81.
Levels Of Support And Resistance For RXO Stock
The 24-hour chart illustrates a support level at 13.75, which if violated will result in even more drops to 13.02. On the upside, there is a resistance level at 15.23. A further resistance level may holdings at 15.97. The Relative Strength Index (RSI) on the 14-day chart is 24.03, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.93%. Stochastics %K at 36.34% 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 2025-03-14, growing by 2.02 million shares to a total of 9.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.99 million shares. There was a rise of 22.41%, which implies that there is a positive sentiment for the stock.
