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QXO Hits Fresh 52-Week Lows On Soft Residential Roofing Demand
Stocktwits ·
Stocktwits reports: Shares of QXO, Inc. (QXO) fell sharply on Wednesday, hitting a fresh 52-week low, after RBC Capital cut its price target, saying inventory levels look elevated heading into the fourth quarter amid weak residential roofing demand. The shares were down 10% at the time of writing, on track for their worst day since July 2024, if the losses hold. RBC Weighs In On QXO The decline followed a research note from RBC analyst Mike Dahl, who lowered the firm’s target to $18 from…