XPO Logistics (XPO) has risen sharply, recording gains of 42.97% in the past 4 weeks. However, the stock has corrected -1.6% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 41.51% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 18.23% and the 50-Day Moving Average is 27.26%. XPO Logistics (NYSE:XPO): On Fridays trading session , Opening price of the stock was $36.21 with an intraday high of $36.29. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $35.8. However, the stock managed to close at $36.2, a loss of 0.55% for the day. On the previous day, the stock had closed at $36.4. The total traded volume of the day was 1,169,595 shares.
The company Insiders own 17.2% of XPO Logistics shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -29.33% . Institutional Investors own 93.32% of XPO Logistics shares. During last six month period, the net percent change held by insiders has seen a change of -29.33%. Also, In the latest statement by the brokerage house, Oppenheimer maintains its outlook on XPO Logistics (NYSE:XPO). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $33 per share to $42 per share. The rating by the firm was issued on August 9, 2016.
XPO Logistics, Inc. is a provider of transportation logistics services and a provider of engineered, technology-enabled contract logistics. The Company operates in two segments: Transportation segment and Logistics segment. The Transportation segment consists of its truck brokerage, intermodal, last mile, expedited transportation and freight forwarding businesses. The Logistics segment provides contract logistics services, including warehousing and distribution, reverse logistics, transportation management, freight bill audit and payment, aftermarket support and supply chain optimization for its clients. Its services include truckload transportation, last mile logistics, engineered supply chain solutions, warehousing and distribution, ground and air expedite, intermodal, global forwarding and managed transportation. It also offers truckload transportation in North America.