Why GXO Logistics (GXO) Stock Is Trading Up Today

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."

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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.

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