QXO, Inc. (NASDAQ:QXO - Get Free Report) saw some unusual options trading on Friday. Investors purchased 10,150 call options on the company. This is an increase of 329% compared to the typical daily volume of 2,365 call options.
QXO Trading Up 13.6%
QXO stock traded up $2.27 during trading on Friday, reaching $19.02. 15,789,844 shares of the stock were exchanged, compared to its average volume of 2,969,158. The firm's 50 day moving average is $14.70 and its 200 day moving average is $14.61. QXO has a twelve month low of $10.61 and a twelve month high of $290.00. The firm has a market cap of $11.00 billion, a P/E ratio of -2.09, a price-to-earnings-growth ratio of 4.09 and a beta of 2.38.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in QXO during the 1st quarter worth approximately $26,000. Ridgewood Investments LLC acquired a new position in QXO during the 1st quarter worth approximately $27,000. CWM LLC acquired a new position in QXO during the 1st quarter worth approximately $27,000. First Horizon Advisors Inc. increased its holdings in QXO by 57.4% during the 1st quarter. First Horizon Advisors Inc. now owns 2,790 shares of the company's stock worth $38,000 after purchasing an additional 1,017 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in QXO by 533.6% during the 1st quarter. Signaturefd LLC now owns 3,168 shares of the company's stock worth $43,000 after purchasing an additional 2,668 shares in the last quarter. 58.68% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Wolfe Research started coverage on QXO in a research note on Friday. They set an "outperform" rating and a $44.00 price target on the stock.
Get Our Latest Stock Report on QXO
About QXO
(
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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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