RXO, Inc. Opens Weak with 9.19% Gap Down Amid Market Concerns

RXO, Inc., a small-cap player in the Software Products industry, opened today with a significant loss of 9.19%. This decline is part of a broader trend, as the stock has experienced a 23.1% drop over the past day, contrasting sharply with the S&P 500's modest gain of 0.37%. Over the past month, RXO, Inc. has seen a decrease of 22.62%, while the S&P 500 has risen by 1.2%.
In terms of technical indicators, the stock's weekly MACD shows a mildly bullish trend, but the monthly outlook remains bearish. The Relative Strength Index (RSI) indicates no signal on a weekly basis, while it is bullish monthly. Bollinger Bands and moving averages are both bearish on a daily basis, suggesting a challenging environment for the stock.

With a market capitalization of approximately USD 2.793 billion, RXO, Inc. has a debt-to-equity ratio of 0.29 and a return on equity of -13.10%. The company currently does not offer a dividend, and its price-to-book ratio stands at 1.76. These metrics reflect the current financial landscape for RXO, Inc. as it navigates through market fluctuations.