QXO, Inc. (NASDAQ:QXO - Get Free Report) was the target of unusually large options trading on Thursday. Stock investors acquired 2,472 call options on the company. This represents an increase of approximately 15% compared to the typical daily volume of 2,145 call options.
Institutional Trading of QXO
Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in QXO during the 3rd quarter worth approximately $2,219,000. Sheets Smith Wealth Management acquired a new position in QXO in the 4th quarter valued at approximately $272,000. Simon Quick Advisors LLC raised its stake in shares of QXO by 24.0% during the fourth quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company's stock valued at $252,000 after acquiring an additional 3,064 shares during the last quarter. Janney Capital Management LLC acquired a new position in shares of QXO during the fourth quarter worth $255,000. Finally, SG Americas Securities LLC grew its stake 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 worth $152,000 after purchasing an additional 3,000 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors.
QXO Trading Down 1.7%
QXO traded down $0.29 on Tuesday, reaching $16.52. The stock had a trading volume of 3,548,851 shares, compared to its average volume of 2,816,353. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of -1.81, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27. QXO has a fifty-two week low of $10.61 and a fifty-two week high of $290.00. The firm has a 50-day moving average of $14.18 and a 200-day moving average of $14.53.
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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