Mark Solomon
Friday, December 13, 2019
Axler’s armageddon? Not! XPO shares flourish a year after thrashing
One year after a sharply negative report sent shares plunging, XPO stock has more than recovered
One year after a sharply negative report sent shares plunging, XPO stock has more than recovered
It’s an aggressive push by Deutsche to rebut the suggestion that XPO has serious accounting issues.
A number of analysts have stepped forward and issued counterarguments to a negative report on Thursday about XPO, and the company itself has announced a share buyback program.
XPO Logistics has disputed the content of a report from Spruce Point Capital Management, a noted short-seller of stocks, that claims XPO has “perpetuated a massive financial scheme on the public.”