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QXO (NASDAQ:QXO) Trading Down 2.6% - What's Next?

QXO logo with Business Services background

QXO, Inc. (NASDAQ:QXO - Get Free Report)'s stock price was down 2.6% during mid-day trading on Tuesday . The stock traded as low as $12.68 and last traded at $12.39. Approximately 142,487 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 2,359,582 shares. The stock had previously closed at $12.72.

QXO Price Performance

The stock has a 50-day moving average price of $13.20 and a 200-day moving average price of $14.56. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of -1.42, a PEG ratio of 4.09 and a beta of 2.16.

Hedge Funds Weigh In On QXO

Large investors have recently modified their holdings of the stock. Virtu Financial LLC acquired a new position in shares of QXO in the third quarter valued at about $392,000. JPMorgan Chase & Co. bought a new stake in shares of QXO during the 3rd quarter valued at approximately $2,219,000. Tilia Fiduciary Partners Inc. acquired a new stake in shares of QXO during the 4th quarter valued at $257,000. Gainplan LLC grew its holdings in shares of QXO by 5,365.1% during the fourth quarter. Gainplan LLC now owns 191,280 shares of the company's stock worth $3,041,000 after purchasing an additional 187,780 shares during the last quarter. Finally, Sheets Smith Wealth Management bought a new stake in QXO during the 4th quarter worth approximately $272,000. 58.68% of the stock is owned by institutional investors.

About QXO

(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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