Xpo Logistics, Inc. (XPO) Files Form 4 Insider Selling : Sector Pension Investme Public Sells 4,000,000 Shares

Xpo Logistics, Inc. (XPO): Sector Pension Investme Public , 10% owner of Xpo Logistics, Inc. sold 4,000,000 shares on Jul 13, 2016. The Insider selling transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were sold at $26.20 per share for a total value of $1048 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2015, Sector Pension Investme Public (10% owner) purchased 1,230,111 shares at $45.00 per share price.

Shares of XPO Logistics Inc (XPO) ended Friday, Jul 15, 2016 session in red amid volatile trading. The shares closed down -1.03 points or -3.91% at $25.32 with 14,94,644 shares getting traded. Post opening the session at $26.58, the shares hit an intraday low of $25.29 and an intraday high of $26.75 and the price vacillated in this range throughout the day. The company has a market cap of $2,785 M and the number of outstanding shares has been calculated to be 11,00,06,419 shares. The 52-week high of XPO Logistics Inc is $47.3 and the 52-week low is $18.04.

XPO Logistics Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.XPO Logistics Inc is Initiated by JP Morgan to Overweight and the brokerage firm has set the Price Target at $40. The Rating was issued on Jul 11, 2016.XPO Logistics Inc is Initiated by Buckingham Research to Buy and the brokerage firm has set the Price Target at $38. The Rating was issued on May 17, 2016.

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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