Overall market sentiment has been high on XPO Logistics Inc (XPO) stock lately. XPO receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
XPO Logistics Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on XPO!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With XPO Stock Today?
XPO Logistics Inc (XPO) stock is trading at $79.96 as of 12:03 PM on Tuesday, Dec 7, an increase of $4.48, or 5.94% from the previous closing price of $75.48. The stock has traded between $77.66 and $80.56 so far today. Volume today is below average. So far 839,462 shares have traded compared to average volume of 1,383,316 shares.
More About XPO Logistics Inc
XPO Logistics is a diversified trucking and logistics company, built mostly via acquisition (until 2016). Following the third-quarter 2021 spin-off of its global contract logistics division (outsourced warehousing and supply-chain services), XPO's portfolio reflects its transportation operations--asset-based less-than-truckload shipping (33% of gross revenue), asset-light freight brokerage including intermodal and truck brokerage (29%), heavy goods last mile delivery (8%), and its European truckload and LTL operations (24%). The remainder of revenue stems from managed transportation and global forwarding services.
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