Momentum Is Strong For RXO Inc (NYSE: RXO)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Trucking industry segment, falling under the Industrials sector. The current market capitalization of RXO Inc is $4.43B. A total of 1.02 million shares were traded on the day, compared to an average of 1.21M shares.

In the most recent transaction, MFN Partners, LP bought 10,266,810 shares of RXO for 20.21 per share on Aug 12 ’24. After the transaction, the 10% Owner now owns 27,577,666 company shares. In a previous transaction on May 09 ’24, MFN Partners, LP bought 61 shares at 20.39 per share. RXO shares that 10% Owner owns now total 17,310,856.

Among the insiders who bought shares, MFN Partners, LP acquired of 361 shares on May 06 ’24 at a per-share price of $20.40. This resulted in the 10% Owner holding 17,310,795 shares of RXO after the transaction. In another insider transaction, MFN Partners, LP bought 105,065 shares at $20.07 per share on May 02 ’24. Company shares held by the 10% Owner now total 17,280,434.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, RXO has a high of $32.82 and a low of $16.94.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RXO’s latest balance sheet shows that the firm has $29.00M in Cash & Short Term Investments as of fiscal 2021. There were $135.00M in debt and $816.00M in liabilities at the time. Its Book Value Per Share was $4.92, while its Total Shareholder’s Equity was $1.07B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RXO is Buy with a score of 3.00.

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