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Sunday, April 2, 2023

GXO Logistics Inc. (NYSE: GXO) May Be Attracting Institutional Investments

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for GXO Logistics Inc. (GXO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.47, or 0.92%, to $51.35. The GXO Logistics Inc. has recorded 19,004 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted GXO Brings Industry-first Innovation to Outbound Process with Autonomous Mobile Robots.

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Stocks Info

GXO Logistics Inc. is listed on the NYSE in the Industrials sector while operating in the Integrated Freight & Logistics industry. At the end of the last regular session, the stock closed at $50.88 and fluctuated between $52.06 as its day high and $50.61 as its day low. The current market capitalization of GXO Logistics Inc. is $5.93B. A total of 0.67 million shares were traded on the day, compared to an average of 919.68K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GXO has seen 10 BUY and 8 SELL insider trades, representing the acquisition of 46,835 and the disposition of 21,090 shares. Over the last 12 months, there were 21 BUYs and 22 SELLs from insiders. Insiders purchased 97,813 shares during that period but sold 16,111,523.

In the most recent transaction, Ashe Gena L sold 2,120 shares of GXO for 52.73 per share on Jan 17. After the transaction, the Director now owns 0 company shares. In a previous transaction on Nov 25, Wilson Malcolm bought 4,174 shares at 43.97 per share. GXO shares that Chief Executive Officer owns now total 45,509.

Among the insiders who sold shares, BRADLEY S JACOBS disposed of 5,167,500 shares on Aug 11 at a per-share price of $48.35. This resulted in the Director holding 1,300,701 shares of GXO after the transaction. In another insider transaction, BRADLEY S JACOBS sold 5,447,500 shares at $57.24 per share on Apr 13. Company shares held by the Director now total 6,468,201.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GXO in the last 3 months, the mean price target is $60.88 with high estimates of $74.00 and low estimates of $47.00. In terms of 52-week highs and lows, GXO has a high of $79.54 and a low of $32.10.

As of this writing, GXO has an earnings estimate of $0.75 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.86 per share and a lower estimate of $0.69. The company reported an EPS of $0.68 in the last quarter, which was 11.50% higher than expectations of $0.61.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 17 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 GXO is Underweight with a score of 4.55. A total of 14 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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