Noteworthy ETF Outflows: XMMO, MANH, OC, XPO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 14 2024
0mins
Should l Buy XPO?
Source: NASDAQ.COM
- XMMO Stock Analysis: XMMO's 52-week range is $74.3911 to $117.57 per share, with the last trade at $112.27. Comparing the share price to the 200-day moving average is a useful technical analysis technique.
- Exchange Traded Funds (ETFs): ETFs trade like stocks, where investors buy and sell "units." These units can be traded back and forth or created/destroyed based on investor demand. Monitoring changes in shares outstanding helps track notable inflows and outflows.
- Impact of ETF Flows: Creation of new units in ETFs requires purchasing underlying holdings, while destruction involves selling them. Large flows can impact the individual components held within ETFs.
- Notable Outflows in ETFs: The article mentions 9 other ETFs that experienced notable outflows, providing further insights into market trends.
- Disclaimer: The views and opinions expressed in the content are those of the author and may not necessarily reflect those of Nasdaq, Inc.
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Analyst Views on XPO
Wall Street analysts forecast XPO stock price to fall
19 Analyst Rating
15 Buy
3 Hold
1 Sell
Moderate Buy
Current: 189.810
Low
90.00
Averages
155.22
High
171.00
Current: 189.810
Low
90.00
Averages
155.22
High
171.00
About XPO
XPO, Inc. is a provider of freight transportation services. The Company moves goods through its customers supply chains in North America and Europe. It operates through two segments: North American Less-Than-Truckload (LTL), and European Transportation. The North American LTL segment provides shippers with geographic density and day-definite domestic and cross-border services to the United States (U.S.), as well as Mexico, Canada, and the Caribbean. It also includes trailer manufacturing operations. The European Transportation segment offers a range of services, such as truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, including road-rail and road-short sea combinations. It serves a base of customers in consumer, trade, and industrial markets. The Company offers XPO Smart, its proprietary suite of intelligent tools and analytics that self-adjusts site by site to drive productivity across LTL service center operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Economic Indicators: The U.S. consumer price index is expected to show a 2.5% year-over-year increase, which could significantly impact markets, with the S&P 500 potentially losing up to 2.5% depending on core monthly data fluctuations.
See More
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