Why GXO Logistics Stock Popped Today [Yahoo! Finance]
GXO Logistics, Inc. (GXO)
Company Research
Source: Yahoo! Finance
that the world's largest pure-play contract logistics company was the subject of takeover offers. The news represents a surprising shift for GXO as the company is known as an acquirer, having made several acquisitions since being spun off from XPO in 2021. The stock was up 14.4% on the news as of 12:36 p.m. ET. GXO is in play According to Bloomberg, the company is exploring a sale and is currently working with financial advisors. That decision comes after it received interest from multiple buyers. An unnamed source said that GXO had received multiple high-quality inbound offers and that no decision has been made to sell the company. GXO could also decide not to sell itself and remain independent. The move represents something of a strategic reversal for the company. It became a stand-alone company in 2021 under the logic that it would be better able to pursue acquisitions as its own company, and it has done that, buying Clipper Logistics, PFSWeb, and Wincanton since being sp
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GXO
News
- Q3 Earnings Outperformers: GXO Logistics (NYSE:GXO) And The Rest Of The Air Freight and Logistics Stocks [Yahoo! Finance]Yahoo! Finance
- New Survey Reveals Half of Brits to rely on Black Friday for Festive Gift Purchases [Yahoo! Finance]Yahoo! Finance
- GXO Logistics, Inc. (NYSE: GXO) had its price target raised by analysts at Barclays PLC from $55.00 to $60.00. They now have an "equal weight" rating on the stock.MarketBeat
- Some Investors May Be Willing To Look Past GXO Logistics' (NYSE:GXO) Soft Earnings [Yahoo! Finance]Yahoo! Finance
- 5 ‘Sleeper Stocks' You Might Not Know About — but Could Pay Big in 2025 [Yahoo! Finance]Yahoo! Finance
GXO
Earnings
- 11/4/24 - In-Line
GXO
Sec Filings
- 11/14/24 - Form SC
- 11/5/24 - Form 10-Q
- 11/4/24 - Form 8-K
- GXO's page on the SEC website