After Last Week's Surge, Is GXO Logistics Ready for a Comeback?
GXO Logistics (NYSE: GXO) shareholders have had to be patient in the years since the company was spun off from XPO in 2021. That event came at the height of the pandemic stock market boom, which was particularly kind to e-commerce businesses, and the new stock jumped out of the gate.However, GXO's stock tanked during the market-wide sell-off of 2022, and since then, the stock has struggled to build momentum amid broader weakness in the transportation and logistics industries. More recently, it has been held back by concerns about how President Donald Trump's tariffs will impact the global economy.However, the company, which is the world's largest pure-play logistics operator, got two pieces of good news last week that helped send the stock price up 12% on Friday.Continue reading
GXO Logistics (NYSE: GXO) shareholders have had to be patient in the years since the company was spun off from XPO in 2021. That event came at the height of the pandemic stock market boom, which was particularly kind to e-commerce businesses, and the new stock jumped out of the gate.
However, GXO's stock tanked during the market-wide sell-off of 2022, and since then, the stock has struggled to build momentum amid broader weakness in the transportation and logistics industries. More recently, it has been held back by concerns about how President Donald Trump's tariffs will impact the global economy.
However, the company, which is the world's largest pure-play logistics operator, got two pieces of good news last week that helped send the stock price up 12% on Friday.
