RXO Shares Surge Following New Acquisition Deal
RXO(RXO) MarketBeat·2024-07-03 00:09
Shares of RXO Inc. NYSE: RXO are up more than 20% on the week, something investors probably didn’t see coming out of the ‘boring’ transportation sector. This sector is notorious for having a low beta, English for low volatility. RXO stock has a beta below 1.0, meaning the company’s stock price will move less than the daily move in the broader S&P 500 index.RXO TodayRXORXO$27.13 +0.12 (+0.44%) 52-Week Range$16.94▼$28.13Price Target$19.90Add to WatchlistBecause of this quiet behavior, investors need to invest ...