QXO QXO, Inc. Insider Trading

MFN Partners, LP sold 7,000,000 shares at $15.05 on 2024-11-06 for $105,350,000, reducing stake to 46,908,701 shares

MFN Partners, LP, a 10% owner of QXO, Inc., executed a large open-market sale of 7,000,000 shares (7.00M shares) for $105,350,000 (105.4M), reducing its position by 13.0% from 53.91M to 46.91M shares. The sale occurred at $15.05 per share when the stock was trading at $16.05 currently, positioned -93.2% from its 52-week high of $235.61 and 43.8% above its 90-day low. Against the insider's cross-ticker track record showing a 93.33% win rate on buys but only 33.33% well-timed rate on prior sells (with positive average 90d returns of +0.7% after sales), this transaction represents a large portfolio reduction by a major shareholder. At the company level, QXO reported negative net income of $-591,000 (591.0K) in the latest quarter despite 21.2% annual revenue growth, creating a backdrop of unprofitability that may be relevant context for the significant share disposition.

Major shareholder MFN Partners sold 795.9K QXO shares at $15.05; stock now -94.0% from 52-week high of $235.61.

MFN Partners, a 10% owner, sold 795,894 shares for $11,978,204.70 on 2024-08-26 at $15.05 per share—well below the 52-week high of $235.61. The stock has since fallen further to $14.07 (-76.7% over 30 days), and is trading at a catastrophic -94.0% discount to its recent peak. The company is unprofitable with net income of $-591,000.00 in the latest quarter, despite modest annual revenue growth of 21.2%. The insider's cross-ticker history shows mixed sell timing: prior sells averaged -9.8% return over 30 days but only 0.7% over 90 days, with just a 33.33% well-timed rate, suggesting these sales have typically not preceded further declines. This sale by a major stakeholder during a period of severe stock deterioration warrants investigation into whether it reflects knowledge of operational challenges or is simply reducing concentration risk in a severely depressed position.