Gena Ashe, Director at GXO Logistics Inc (GXO, Financial), executed a sale of 10,526 shares in the company on January 3, 2024, according to a SEC Filing. The transaction was carried out at an average price of $58.15 per share, resulting in a total sale value of $612,186.90.
GXO Logistics Inc is a global logistics company that provides supply chain solutions to companies around the world. The company operates in various sectors, including e-commerce, food and beverage, consumer electronics, and industrial manufacturing, offering services such as warehousing, order fulfillment, and transportation management.
Over the past year, the insider has sold a total of 12,646 shares of GXO Logistics Inc and has not made any purchases of the stock. The recent transaction on January 3 is part of this selling trend.
The insider transaction history for GXO Logistics Inc shows a pattern of sales by insiders over the past year, with 0 insider buys and 2 insider sells recorded during this period.
On the date of the insider's recent sale, shares of GXO Logistics Inc were trading at $58.15, giving the company a market capitalization of $6.931 billion. The price-earnings ratio of the stock stands at 34.48, which is above the industry median of 13.55 but below the company’s historical median price-earnings ratio.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's value. While individual transactions may not always be indicative of a trend, the collective pattern of insider sales over time can be an important factor for consideration.
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.
