QXO (NASDAQ:QXO) Shares Gap Up - What's Next?

Shares of QXO, Inc. (NASDAQ:QXO - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $13.38, but opened at $13.75. QXO shares last traded at $13.80, with a volume of 834,505 shares trading hands.

QXO Trading Down 0.0 %

The stock has a market capitalization of $5.43 billion, a P/E ratio of -1.45, a price-to-earnings-growth ratio of 4.09 and a beta of 2.35. The business has a fifty day simple moving average of $13.78 and a 200 day simple moving average of $14.85.

Institutional Investors Weigh In On QXO

Several institutional investors have recently bought and sold shares of QXO. Brown Brothers Harriman & Co. bought a new position in QXO during the 3rd quarter valued at $41,000. SG Americas Securities LLC raised its holdings in shares of QXO by 45.8% in the fourth quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock valued at $152,000 after purchasing an additional 3,000 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of QXO during the fourth quarter valued at about $159,000. Invesco Ltd. purchased a new position in QXO during the fourth quarter worth about $164,000. Finally, BNP Paribas Financial Markets bought a new stake in QXO in the 3rd quarter worth about $166,000. Institutional investors own 58.68% of the company's stock.

QXO Company Profile

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.