There is talk that softer 2019 adjusted ebitda guidance for XPO Logistics, which emerged yesterday, was behind its 9.6% fall in the day on the stock exchange on Wednesday.
I understand we always need to find correlations and/or causations in certain corporate events, but frankly, I do not buy it, as I have commented elsewhere in the past 24 hours.
Meanwhile, with XPO stock now trading at $60 against the $114.5 a share consensus …
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Source: The Loadstar