Why did the XPO Logistics stock trade like wildfire?
The XPO logistics stock has been in a downtrend for several weeks.
As of yesterday, it was down more than $3,000, or about 1.6% at $15.60.
That’s a lot of volatility.
It’s been a pretty tough week for XPO.
The stock has dropped from $18.95 a share to $12.95 in the past 24 hours, and has been trading at about a 3% decline over the past hour.
At the beginning of the week, XPO stock was up about 14% in the three months ended Sept. 30.
And in fact, Xpo stock has more than doubled since August.
In its most recent trading day on Wednesday, Sept. 15, it traded for $15,836.
The stock has risen by more than 6,000% in three months.
The stock is also down from its peak of $24.99 in March.
XPO is down because of a slew of factors, including a weak dollar, a shortage of U.S. cargo in its warehouses, and a lack of demand for its products.
Last month, the U.K. government announced that it was cutting its imports from the United States to a minimum of 1.8 million tons, as well as canceling orders for the shipment of goods to the U