QXO, Inc. (NASDAQ:QXO - Get Free Report) was the target of some unusual options trading on Thursday. Stock investors purchased 2,472 call options on the stock. This represents an increase of 15% compared to the typical volume of 2,145 call options.
Institutional Trading of QXO
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new position in QXO in the third quarter valued at about $2,219,000. Sheets Smith Wealth Management bought a new position in QXO in the 4th quarter valued at about $272,000. Simon Quick Advisors LLC raised its position in shares of QXO by 24.0% in the 4th quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company's stock valued at $252,000 after buying an additional 3,064 shares in the last quarter. Janney Capital Management LLC bought a new stake in shares of QXO during the 4th quarter worth approximately $255,000. Finally, SG Americas Securities LLC boosted its position in shares of QXO by 45.8% during the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company's stock worth $152,000 after acquiring an additional 3,000 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors.
QXO Price Performance
NASDAQ:QXO traded down $0.14 during trading hours on Thursday, reaching $16.93. 13,037,370 shares of the company were exchanged, compared to its average volume of 2,697,543. The business has a 50 day moving average of $13.96 and a 200 day moving average of $14.52. QXO has a 1-year low of $10.61 and a 1-year high of $290.00. The company has a market capitalization of $7.57 billion, a P/E ratio of -1.86, a P/E/G ratio of 4.09 and a beta of 2.27.
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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