QXO, Inc. (NASDAQ:QXO - Get Free Report) major shareholder Mfn Partners, Lp sold 795,894 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $15.05, for a total transaction of $11,978,204.70. Following the completion of the sale, the insider now directly owns 53,908,701 shares of the company's stock, valued at approximately $811,325,950.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
QXO Stock Performance
NASDAQ QXO traded down $0.79 during mid-day trading on Wednesday, hitting $14.07. The stock had a trading volume of 2,103,187 shares, compared to its average volume of 592,852. The company has a market cap of $5.76 billion, a P/E ratio of -7.99, a P/E/G ratio of 2.26 and a beta of 2.28. QXO, Inc. has a twelve month low of $10.61 and a twelve month high of $290.00.
Institutional Trading of QXO
Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new stake in shares of QXO during the 2nd quarter worth approximately $432,000. Millennium Management LLC acquired a new stake in QXO during the second quarter worth $159,247,000. Finally, Driehaus Capital Management LLC purchased a new stake in QXO in the second quarter valued at $160,859,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.
About QXO
(
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QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.
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