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 $0.2 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 $229.2 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 Thursday, RXO Inc [NYSE:RXO] saw its stock jump 2.56% to $13.24. Over the last five days, the stock has lost -5.90%. RXO Inc shares have fallen nearly -44.46% since the year began. Nevertheless, the stocks have fallen -35.41% over the past one year. While a 52-week high of $32.82 was reached on 01/28/25, a 52-week low of $12.39 was recorded on 04/09/25. SMA at 50 days reached $18.49, while 200 days put it at $25.36.
Levels Of Support And Resistance For RXO Stock
The 24-hour chart illustrates a support level at 12.94, which if violated will result in even more drops to 12.64. On the upside, there is a resistance level at 13.46. A further resistance level may holdings at 13.68. The Relative Strength Index (RSI) on the 14-day chart is 31.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.29%. Stochastics %K at 11.52% indicates the stock is a buying.
How much short interest is there in RXO Inc?
A steep rise in short interest was recorded in RXO Inc stocks on 2025-03-31, growing by 1.43 million shares to a total of 9.19 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 7.76 million shares. There was a rise of 15.55%, which implies that there is a positive sentiment for the stock.
