QXO, Inc. (NASDAQ:QXO - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 4,242,613 shares were traded during trading, an increase of 559% from the previous session's volume of 643,780 shares.The stock last traded at $15.87 and had previously closed at $15.37.
QXO Price Performance
The firm has a 50 day simple moving average of $16.07. The company has a market cap of $6.53 billion, a PE ratio of -1.75 and a beta of 2.32.
Insiders Place Their Bets
In other QXO news, major shareholder Mfn Partners, Lp sold 7,000,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $15.05, for a total value of $105,350,000.00. Following the sale, the insider now owns 46,908,701 shares in the company, valued at $705,975,950.05. The trade was a 12.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 51.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On QXO
Several institutional investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA boosted its position in shares of QXO by 2,000.0% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company's stock valued at $33,000 after buying an additional 2,000 shares during the period. Brown Brothers Harriman & Co. purchased a new position in QXO during the 3rd quarter valued at $41,000. Gainplan LLC bought a new position in QXO in the 3rd quarter valued at $55,000. Renaissance Technologies LLC bought a new position in QXO in the 2nd quarter valued at $432,000. Finally, SG Americas Securities LLC purchased a new stake in QXO in the third quarter worth $103,000. Institutional investors own 58.68% of the company's stock.
QXO Company Profile
(
Get Free Report)
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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