QXO (NASDAQ:QXO) Shares Gap Up – What’s Next?

Shares of QXO, Inc. (NASDAQ:QXO) gapped up prior to trading on Wednesday . The stock had previously closed at $14.19, but opened at $14.71. QXO shares last traded at $14.71, with a volume of 308,457 shares.

QXO Trading Up 2.4 %

The firm’s 50 day simple moving average is $15.48 and its 200 day simple moving average is $17.90. The firm has a market cap of $5.95 billion, a PE ratio of -1.59, a PEG ratio of 3.32 and a beta of 2.28.

Institutional Trading of QXO

A number of large investors have recently made changes to their positions in the business. Summit Trail Advisors LLC increased its holdings in shares of QXO by 1.3% in the 4th quarter. Summit Trail Advisors LLC now owns 115,967 shares of the company’s stock worth $1,844,000 after buying an additional 1,497 shares during the last quarter. Compagnie Lombard Odier SCmA grew its holdings in QXO by 2,000.0% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,100 shares of the company’s stock valued at $33,000 after purchasing an additional 2,000 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in QXO during the 3rd quarter valued at about $41,000. SG Americas Securities LLC grew its holdings in QXO by 45.8% during the 4th quarter. SG Americas Securities LLC now owns 9,544 shares of the company’s stock valued at $152,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its holdings in QXO by 24.0% during the 4th quarter. Simon Quick Advisors LLC now owns 15,834 shares of the company’s stock valued at $252,000 after purchasing an additional 3,064 shares during the last quarter. 58.68% of the stock is currently owned by institutional investors.

About QXO

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.