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In December 2020, XPO, Inc. announced that it would spin off its global contract logistics segment into a separate company. [10] In March 2021, XPO announced the new name of the firm as GXO Logistics Inc. [11] The spin-off was completed on August 2, 2021, [3] with American businessman Brad Jacobs named as Non-Executive Chairman, Malcolm Wilson as CEO; formerly the CEO of XPO, Inc. European ...
XPO, Inc. is an American transportation company that conducts less-than-truckload shipping in North America. [ 9 ] [ 10 ] [ 11 ] The company has headquarters in Greenwich, Connecticut , and has 564 locations globally.
In a reverse stock split, your current shares are exchanged for fewer shares. When the split occurs, the share price also changes automatically to reflect the exchange ratio. That is, regardless ...
Arista Networks completed a 4-for-1 stock split, payable Dec. 3, 2024. Palo Alto Networks initiated a 2-for-1 stock split, payable Dec. 13, 2024. There's a good reason investors are so enamored ...
The company was later listed on the New York Stock Exchange under the ticker symbol XPO, Inc. [30] In August 2021, XPO, Inc. completed its spin-off of GXO Logistics, and Jacobs became non-executive chairman of GXO's board of directors. [31] [32] [33] In August 2022, Jacobs announced plans to step aside as CEO of XPO, Inc. but remain executive ...
Image source: Getty Images. Stock-split stock No. 2 to buy hand over fist in 2025: Sony Group. The second stock-split stock that investors would be wise to scoop up in 2025 in Japan-based ...
Stock splits often result in a bump in the stock’s price, simply because more investors are interested in the stock at the new price than were interested at the old price.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.