XPO Logistics (XPO) Shares are Up 3.82%

XPO Logistics (XPO) : Traders are bullish on XPO Logistics (XPO) as it has outperformed the S&P 500 by a wide margin of 3.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.65%, 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 3.82% in the last 1 week, and is up 2.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.67% and the 50-Day Moving Average is 6.98%.The 200 Day SMA reached 27.4%


XPO Logistics (NYSE:XPO): After opening at $36.52, the stock dipped to an intraday low of $36.21 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $37.0602 and the buying power remained strong till the end. The stock closed at $36.67 for the day, a gain of 1.10% for the day session. The total traded volume was 1,179,472. The stocks close on the previous trading day was $36.67.

XPO Logistics (XPO) : Average target price received by XPO Logistics (XPO) is $40.2 with an expected standard deviation of $8.63. The most aggressive target on the stock is $50, whereas the most downbeat target is $18. 10 financial analysts are currently covering the stock.

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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