Logistics Stock Upgraded on Operational Turnaround

The stock has been choppy since its recent record high

Deputy Editor
Sep 27, 2023 at 11:24 AM
facebook X logo linkedin


XPO Inc (NYSE:XPO) stock is on the rise today, after Evercore ISI upgraded the stock to "outperform" from "in line," citing an "operational turnaround." The firm also lifted its price target to $79 from $72. 

The stock has been volatile since its Aug. 4, record high of $76.77, though the $67 level has acted as a floor since then. XPO's 60-day moving average has also provided recent support. Thee equity has been outperforming since the beginning with the year with a 109.1% year-to-date gain. 

It's also worth noting that XPO stock's 14-day relative strength index (RSI) of 28.2 sits in "oversold" territory, which is typically indicative of a short-term bounce. An unwinding of short interest could provide tailwinds as well, as it represents 5.8% of the stock's available float, or over three days' worth of pent-up buying power. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI