Shares of QXO, Inc. (NASDAQ:QXO - Get Free Report) saw strong trading volume on Thursday . 11,090,731 shares were traded during trading, an increase of 312% from the previous session's volume of 2,688,858 shares.The stock last traded at $16.76 and had previously closed at $17.06.
QXO Stock Performance
The firm has a market capitalization of $8.65 billion, a P/E ratio of -1.81, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27. The business has a fifty day moving average of $14.18 and a 200-day moving average of $14.53.
Institutional Investors Weigh In On QXO
A number of institutional investors and hedge funds have recently modified their holdings of QXO. SG Americas Securities LLC lifted 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 in the last quarter. KBC Group NV purchased a new stake in shares of QXO in the fourth quarter valued at $209,000. Cherry Creek Investment Advisors Inc. purchased a new stake in shares of QXO in the fourth quarter valued at $474,000. Wealth Effects LLC purchased a new stake in shares of QXO in the fourth quarter valued at $191,000. Finally, Swedbank AB purchased a new stake in shares of QXO in the fourth quarter valued at $795,000. Institutional investors and hedge funds own 58.68% of the company's stock.
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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