Why GXO Logistics Stock Fell This Week
Shares of GXO Logistics (NYSE: GXO) were heading lower after the company said that CEO Malcolm Wilson would retire next year. The decline in the stock seemed to be less of a reflection on Wilson, and more based on reports that GXO won't be sold, as reports in October had indicated that the company was fielding multiple takeover offers.
As a result, the stock was down 18.2% for the week as of Thursday at 12:50 p.m. ET, according to data from S&P Global Market Intelligence.
Image source: GXO Logistics.
Source Fool.com
