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An announcement from QXO Inc ( (QXO) ) is now available.
QXO, Inc. has announced its decision to transfer the listing of its common stock from the Nasdaq Stock Market to the New York Stock Exchange, effective January 17, 2025. This strategic move, highlighted by CEO Brad Jacobs, aims to leverage the NYSE’s platform to enhance its positioning in the building products distribution industry, with aspirations for significant growth through acquisitions and organic expansion.
More about QXO Inc
QXO, Inc. provides technology solutions mainly to clients in the manufacturing, distribution, and service sectors. The company offers consulting and professional services, develops proprietary software, and acts as a value-added reseller of business application software. QXO aims to become a tech-forward leader in the $800 billion building products distribution industry.
YTD Price Performance: 3.77%
Average Trading Volume: 2,126,482
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.53B
For detailed information about QXO stock, go to TipRanks’ Stock Analysis page.
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