Why Is QXO INC (QXO) Stock Moving Today?

QXO stock is moving today amid a bullish statement from Jim Cramer on Mad Money. The host suggested the stock could rise to $24 if interest rates fall, which has sparked investor interest. The stock is also supported by recent earnings that beat estimates and the appointment of a new President and COO, Ken West, effective September 1.

What Happened

During the Mad Money lightning round on August 26, Jim Cramer was asked about QXO stock and its CEO, Brad Jacobs. Cramer responded by advising viewers to buy the stock and suggested a potential price target of $24 if interest rates decline. This commentary has contributed to the stock’s upward movement. Separately, QXO reported Q2 adjusted earnings of $0.08 per share, in line with expectations, and revenue of $3.246 billion, which exceeded the $3.203 billion forecast. The company also announced the appointment of Ken West as President and COO, effective September 1, a development that may signal strategic leadership changes.

What The Data Shows

QXO has a market capitalization of $14.0 billion and is currently unprofitable, with a trailing twelve-month (TTM) earnings per share (EPS) of -0.89. Despite this, the company has seen a TTM revenue increase of 408.1 percent. The stock has traded between $13.14 and $27.61 over the past 52 weeks. With a beta of 2.30, QXO is more volatile than the broader market. Recent insider activity includes a purchase by Donald J. Trump, who bought between $1,001 and $15,000 on June 3, 2026. Over the last 90 days, there have been one buy and no sell transactions reported by members of Congress.

What To Watch

Investors should monitor the company’s next earnings report for further insights into its performance. The broader coverage and sentiment trends will also be important to track as the stock continues to respond to analyst commentary and leadership changes.