XPO Logistics (XPO) Shares are Up 13.55%

XPO Logistics (XPO) : Traders are bullish on XPO Logistics (XPO) as it has outperformed the S&P 500 by a margin of 9.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 12.85%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 13.55% in the last 1 week, and is up 16.78% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

XPO Logistics (NYSE:XPO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.18 and $28.07 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.75, notching a gain of 2.31% for the day. The total traded volume was 916,408 . The stock had closed at $28.10 on the previous day.


The stock has recorded a 20-day Moving Average of 10.11% and the 50-Day Moving Average is 5.98%. XPO Logistics, Inc. has dropped 14.66% during the last 3-month period . Year-to-Date the stock performance stands at 5.5%.

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.

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