QXO, Inc. (NASDAQ:QXO - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $14.26, but opened at $12.99. QXO shares last traded at $12.97, with a volume of 8,159,139 shares trading hands.
QXO Stock Down 2.9 %
The company has a market cap of $5.23 billion, a PE ratio of -1.40, a PEG ratio of 4.09 and a beta of 2.16. The firm's 50-day moving average is $13.26 and its 200-day moving average is $14.62.
Hedge Funds Weigh In On QXO
Several large investors have recently made changes to their positions in QXO. SG Americas Securities LLC grew its holdings in shares of QXO by 45.8% during the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after buying an additional 3,000 shares during the last quarter. Parallel Advisors LLC boosted its stake in QXO by 62.2% during the 1st quarter. Parallel Advisors LLC now owns 11,570 shares of the company's stock valued at $157,000 after purchasing an additional 4,439 shares during the last quarter. Toronto Dominion Bank bought a new stake in shares of QXO in the 4th quarter worth $159,000. Invesco Ltd. bought a new position in shares of QXO during the fourth quarter valued at $164,000. Finally, Entropy Technologies LP purchased a new stake in shares of QXO during the fourth quarter valued at $169,000. 58.68% of the stock is currently owned by hedge funds and other institutional investors.
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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