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Why GXO Logistics Stock Fell This Week

TheMotleyFool

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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

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