XPO Logistics (XPO) : Traders are bullish on XPO Logistics (XPO) as it has outperformed the S&P 500 by a wide margin of 6.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.09%, 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 3.03% in the last 1 week, and is up 10.15% 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 9.53% and the 50-Day Moving Average is 8.21%. XPO Logistics, Inc. has dropped 1.73% during the last 3-month period . Year-to-Date the stock performance stands at 8.7%.
XPO Logistics (NYSE:XPO): stock turned positive on Friday. Though the stock opened at $29.27, the bulls momentum made the stock top out at $29.84 level for the day. The stock recorded a low of $28.9306 and closed the trading day at $29.62, in the green by 0.95%. The total traded volume for the day was 1,028,071. The stock had closed at $29.34 in the previous days trading.
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.