On November 12, 2024, Michelle Nettles, Director at RXO Inc (RXO, Financial), purchased 1,800 shares of the company, as reported in a recent SEC Filing. This transaction increased the insider's holdings to 15,185 shares.
RXO Inc (RXO, Financial) specializes in providing asset-light transportation solutions, leveraging technology and network scale to deliver efficient logistics and freight services.
The shares were bought at a price of $27.89 each, valuing the transaction at $50,202. The purchase has contributed to a total of 15 insider buys over the past year, with no recorded insider sales during the same period. This pattern of insider transactions can often provide insights into the company's internal perspectives on its financial health and market position.
Following this transaction, RXO Inc (RXO, Financial) holds a market cap of approximately $4.42 billion. The company's valuation metrics include a price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, which are accessible for further details through their respective links.
The insider's recent acquisition aligns with the broader trend of insider confidence as reflected in the overall buying activity over the past year. For more detailed insights, the GF Value can provide a deeper analysis into the stock's fair value, considering historical trading prices and fundamental indicators.
This insider buying activity could be a point of interest for investors looking for signs of strategic positioning from company executives and board members.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
