Archived explainer. For the current picture see today's QXO page.
Why Is QXO INC (QXO) Stock Moving Today?
By the Top Tier Newswire AI Desk · August 31, 2026 at 5:26 AM ET · reviewed against 1 wire stories
QXO INC (QXO) is drawing unusual attention today. Our newswire has captured 1 story on QXO across 1 source in the last 36 hours, with AI sentiment reading bullish (avg 63/100).
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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.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
QXO · Aug 31 session (5-min) · -1.50% vs prior close · updated 8:56 PM ETAI sentiment, last 36h · averaged over 1 story · 63/100 bullish
The headlines behind the move
15d agoYahoo FinanceBULLISH 63Analyst
Jim Cramer Says QXO Stock Could Rise to $24 If Rates Fall
When a caller asked what was going on with QXO, Inc. (NYSE:QXO) and its CEO Brad Jacobs during the lightning round on August 26, Mad Money host Jim Cramer stated: Okay, first of all, I think you should buy it. I’m just going to say that point blank. I mean, he’s putting together a conglomerate […]
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