Stock Story -
What Happened?
Shares of contract logistics company GXO (NYSE:GXO) jumped 15.4% in the morning session as the company is reportedly exploring a potential sale after receiving takeover interest. The sources added, "GXO has not made a final decision to proceed with a sale, and it is possible that the talks may not result in a deal."Is now the time to buy GXO Logistics? Find out by reading the original article on StockStory, it’s free.
What The Market Is Telling Us
GXO Logistics’s shares are not very volatile and have only had 4 moves greater than 5% over the last year. Moves this big are rare for GXO Logistics and indicate this news significantly impacted the market’s perception of the business.GXO Logistics is down 2.6% since the beginning of the year, but at $58.61 per share, it is still trading close to its 52-week high of $62.66 from December 2023. Investors who bought $1,000 worth of GXO Logistics’s shares at the IPO in July 2021 would now be looking at an investment worth $1,075.