Why GXO Logistics Stock Fell This Week [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
The decline in the stock seemed to be less of a reflection on Wilson, and more based on reports that GXO won't be sold, as reports in October had indicated that the company was fielding multiple takeover offers. As a result, the stock was down 18.2% for the week as of Thursday at 12:50 p.m. ET, according to data from S&P Global Market Intelligence Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » In a press release after hours on Monday, GXO Logistics said that Malcolm Wilson told the board of directors that he plans to retire next year. That news alone was not the reason for the stock's decline. Instead, it was a response to the company's decision to remain as an independent company, according to Bloomberg, which comes after it had considered takeout offers. That was separate from the company's announcement about Wilson's retirement, but they seem to be related, as Wilson would presumably stay on to guide the s
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GXO
News
- SAMSE Group and GXO join forces to optimize omnichannel logisticsGlobeNewswire
- GXO reaches new heights with extension for Guess [Yahoo! Finance]Yahoo! Finance
- GXO reaches new heights with extension for GuessGlobeNewswire
- Why GXO Logistics (GXO) Stock Is Down Today [Yahoo! Finance]Yahoo! Finance
- GXO Logistics CEO to retire in 2025, shares down [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 11/4/24 - In-Line
GXO
Sec Filings
- 12/4/24 - Form 8-K
- 11/14/24 - Form SC
- 11/5/24 - Form 10-Q
- GXO's page on the SEC website