On September 16, QXO Inc fell 5.24% in regular trading, trading at $11.47 USD/share, with Turnover of $143 million.
Within the Trading Companies & Distributors sector where QXO Inc belongs, the overall sector showed broad weakness. Among individual stocks, W.W. Grainger down 0.46%, Sunbelt Rentals Holdings Inc down 0.59%, Ferguson Plc. down 2.38%, Fastenal down 0.26%, AerCap Holdings NV down 1.03%.
QXO, Inc., headquartered in Greenwich, Connecticut, completed its approximately $17 billion acquisition of TopBuild in July, positioning itself as a leading distributor and installer of building products across North America. The company reported Q2 revenue of $3.25 billion, up from $1.91 billion a year earlier, while adjusted EPS of $0.08 was down from $0.11. Multiple analysts maintain buy ratings on the stock, with price targets ranging from $26 to $32, though near-term macro headwinds remain a concern.
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