QXO, Inc. (NASDAQ:QXO - Get Free Report)'s share price 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.
QXO Trading Down 4.4 %
The firm's 50-day moving average price is $13.25 and its 200 day moving average price is $14.61. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -1.33, a PEG ratio of 4.09 and a beta of 2.16.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Affinity Partners GP LP acquired a new position in shares of QXO during the 4th quarter worth $260,941,000. T. Rowe Price Investment Management Inc. raised its stake in QXO by 3.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,886,193 shares of the company's stock worth $173,091,000 after acquiring an additional 312,299 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of QXO by 24.6% in the fourth quarter. Vanguard Group Inc. now owns 10,039,864 shares of the company's stock worth $159,634,000 after acquiring an additional 1,979,147 shares during the last quarter. Federated Hermes Inc. acquired a new stake in QXO in the fourth quarter valued at approximately $50,532,000. Finally, Geode Capital Management LLC boosted its holdings in shares of QXO by 64,992.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,853,653 shares of the company's stock valued at $45,019,000 after acquiring an additional 2,849,269 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors and hedge funds.
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.
Recommended Stories
Before you consider QXO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and QXO wasn't on the list.
While QXO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
