QXO, Inc. (NASDAQ:QXO - Get Free Report)'s stock price was up 5.2% during mid-day trading on Wednesday . The company traded as high as $17.20 and last traded at $17.23. Approximately 3,427,948 shares changed hands during trading, an increase of 21% from the average daily volume of 2,836,218 shares. The stock had previously closed at $16.38.
QXO Stock Down 2.6%
The company has a market cap of $8.65 billion, a P/E ratio of -1.82, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27. The stock has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $14.56.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Advyzon Investment Management LLC bought a new stake in shares of QXO in the fourth quarter valued at approximately $527,000. Blair William & Co. IL bought a new stake in shares of QXO during the 4th quarter valued at $229,000. Barclays PLC acquired a new stake in shares of QXO during the 4th quarter worth $1,168,000. Pittenger & Anderson Inc. increased its position in shares of QXO by 4,376.7% in the fourth quarter. Pittenger & Anderson Inc. now owns 20,145 shares of the company's stock worth $320,000 after purchasing an additional 19,695 shares during the period. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of QXO in the fourth quarter worth $2,099,000. Institutional investors and hedge funds own 58.68% of the company's stock.
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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