Sep. 11 at 10:35 PM
$LOW and
$QXO have similar charts, almost trading in sync, with both stocks touching fresh 52-week lows this week as sentiment in the sector has soured. QXO's total market cap is almost down the value of the first acquisition they made (Beacon Roofing Supply @
$11 billion last year) after the initial shell co reverse merge. Disregarding this years Kodiak (
$2.25B) and TopBuild (
$17B) acquisitions entirely. Pretty crazy. I'd like to add to the position but not sure where the bottom is yet. Maybe today touched it?