QXO
💰 QXO is conducting a secondary stock offering, aiming to raise $500 million.
💲 The offering price for the new shares is set at $13.25 per share.
📉 Secondary offerings often lead to short-term price pressure as they dilute existing shareholders’ ownership, potentially explaining recent stock weakness.
@bernardodegarcia:
“QXO, QXO is conducting a secondary offering. There it is, $500 million. At what price? At $13.25. So you know where it’s heading. It could be interesting, but my goodness, what happened to this company? Let’s put up a 4-hour chart because otherwise, the rest doesn’t make much sense. There it is. What happened here? Was it a reverse stock split or a stock split? I don’t know, it looks like a SPAC movement.”
Watch the exact part of the video where @bernardodegarcia talks about QXO, Inc. here:
Watch the video on YouTube
Read more articles analyzing QXO, Inc. (QXO) at the provided link. QXO stock.
