에 대한 최신 뉴스 XPO (NYSE:XPO) 주식

Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. On a pro forma basis for the RXO spinoff, We estimate LTL shipping now makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. However, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.

XPO Logistics

XPO Inc

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XPO ORD

Evercore ISI Group analyst Jonathan Chappell maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Outperform and lowers the price target from $129 to $125.

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Evercore ISI Group Maintains Outperform on XPO, Lowers Price Target to $125

The labor contract between the International Longshoremen's Association and U.S. Maritime Alliance <a href="https://www.benzinga.com/news/24/10/41111978/dockworkers-strike-will-it-impact-your-holiday-shopping">expired overnight on Tuesday</a>. The ILA — whose members comprise dockworkers on the East Coast —&nbsp;is now officially on strike.
<a href="https://www.benzinga.com/topic/supply-chain">Supply chain disruptions</a> stemming from a prolonged strike may affect several companies and the U.S. economy as a whole.
What Happened: The dispute stems from two fundamental disagreements between the stevedores and port employers.
In their collective bargaining agreement, the ILA proposed a 77% pay raise over the next six years. The USMX <a href="https://www.usmx.com/assets/content/public-resources/9-30-24_USMX_UPDATE_Status_of_USMX-ILA_Negotiations.pdf">countered</a> with 50%.
&#8220;Our offer would increase wages by nearly 50 percent, triple employer contributions to employee retirement plans, strengthen our health care options, and retain the current language around automation and semi-automation,&#8221; the association said in a statement.
ILA President Harold Daggett <a href="https://ilaunion.org/letter-of-opposition-to-usmxs-misleading-statement/">urged</a> the USMX to agree to a larger wage increase to address inflation.
&#8220;USMX claims to offer industry-leading wages. However, their interpretation of &#8216;leading wages&#8217; is polar opposite to ours. Inflation has completely eaten into any raises and wages,&#8221; Daggett said.
Another fundamental disagreement comes from efforts to automate several port functions.
&#8220;USMX is trying to fool you with promises of workforce protections for semi-automation,&#8221; Daggett said. &#8220;Let me be clear: we don't want any form of semi-automation or full automation. We want our jobs—the jobs we have historically done for over 132 years.&#8221;
President Joe Biden <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/09/30/remarks-by-president-biden-before-air-force-one-departure-dover-de/">told</a> reporters on Monday that he would not intervene in the matter, reiterating support for collective bargaining.
The closure will <a href="https://ilaunion.org/map/">affect</a> several U.S. ports, including Baltimore, Boston, New York and Philadelphia.
Economic Impact: RSM economist Joseph Brusuelas said the strike implies a modest impact on the U.S. economy.
&#8220;Labor action by port workers along the East and Gulf coast of the United States will provide a modest hit to GDP of a little greater than 0.1 percentage points per week or roughly $4.3 billion in lost exports and imports. If sustained that would result in roughly 0.5% percentage points shaved from overall GDP in the final quarter of 2024,&#8221; Brusuelas said.
&#8220;Given that the American economy is on a 3% growth path at this time, we do not expect the strike to derail the trajectory of the domestic economy or present a risk to an early and unnecessary end to the current economic expansion.&#8221;
The economist said the continued operation of ports in the western U.S. would likely lessen much of the strike&#8217;s economic impact.
When will the Strike End?: In a note published Monday, Morgan Stanley logistics analyst Ravi Shanker expressed a belief that the strike will end sooner rather than later.
&#8220;&#8230;in the event of a work stoppage, we believe it is highly unlikely to be prolonged,&#8221; Shanker said.
Affected Companies: ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), A P Moller Maersk (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AMKBY#OTC">AMKBY</a>), XPO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) are publicly traded logistics companies likely to be affected by a sustained supply chain disruption.
Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), two of the largest U.S. retailers, could face increased supply chain costs and inventory shortages if the dockworker strike persists.
Additionally, an agreement between the ILA and USMX on automation protection would likely affect companies manufacturing the equipment.
ABB Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ABBNY#OTC">ABBNY</a>) and Cargotec Corp (HEL: CGCBV) are among the largest distributors of dock automation technology.
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Photo: Shutterstock

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East Coast Dockworkers Strike: How Labor Dispute Impacts Economy, Logistics Companies

Benchmark analyst Christopher Kuhn reiterates XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Buy and maintains $140 price target.

Reiteration

Benchmark Reiterates Buy on XPO, Maintains $140 Price Target

Susquehanna analyst Bascome Majors maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Positive and raises the price target from $145 to $160.

Susquehanna Maintains Positive on XPO, Raises Price Target to $160

XPO's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) short percent of float has risen 16.5% since its last report. The company recently reported that it has 7.09 million shares sold short, which is 6.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.9 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>XPO Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726503317_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for XPO has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing XPO's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, XPO's peer group average for short interest as a percentage of float is 4.36%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into XPO's Recent Short Interest

JP Morgan analyst Brian Ossenbeck maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Overweight and lowers the price target from $147 to $143.

JP Morgan Maintains Overweight on XPO, Lowers Price Target to $143

TD Cowen analyst Jason Seidl maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Buy and lowers the price target from $143 to $142.

TD Cowen Maintains Buy on XPO, Lowers Price Target to $142

Stephens &amp; Co. analyst Daniel Imbro reiterates XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Overweight and maintains $150 price target.

Stephens & Co. Reiterates Overweight on XPO, Maintains $150 Price Target

Wells Fargo analyst Christian Wetherbee maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Overweight and lowers the price target from $125 to $119.

Wells Fargo Maintains Overweight on XPO, Lowers Price Target to $119

WIIM

XPO shares are trading lower after the company reported a year-over-year decrease in August LTL tonnage per day operating metrics.

XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) shares are trading lower premarket today. On Wednesday, the company stated that August 2024 LTL tonnage per day fell by 4.6% <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40718043/xpo-provides-north-american-ltl-operating-data-for-august-2024" rel="noreferrer noopener">compared to August 2023</a>.
The company says this was due to a 4.5% decline in daily shipments and a 0.1% drop in weight per shipment.
Mario Harik, chief executive officer of XPO, stated, &#8220;In August, we managed our variable costs effectively in a soft demand environment, supporting our outlook for margin expansion.&#8221;
&#8220;The industry pricing backdrop remains constructive, and we&#8217;re executing our company-specific initiatives to deliver strong above-market yield growth. Our ongoing service improvements and network investments will further accelerate our results when industry demand rebounds.&#8221;
Last month, XPO reported second-quarter revenue of $2.097 billion, up 8.5% Y/Y, beating consensus of $2.072 billion, and adjusted EPS of $1.12, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40102536/xpo-surpasses-q2-expectations-with-57-earnings-growth-ceo-sees-long-runway-for-future-margin-expans" rel="noreferrer noopener">beating consensus of $1.01</a>.
The increase in revenue&nbsp;was aided&nbsp;by higher yield and tonnage per day in the North American LTL segment.
Investors can gain exposure to the stock via&nbsp;ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>) and&nbsp;The Alger ETF Trust Alger Weatherbie Enduring Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWEG#NYSE">AWEG</a>).
Price Action: XPO shares are down 8.42% at $104.06 premarket at the last check Thursday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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ProShares Trust ProShares Supply Chain Logistics ETF

SUPL

Why Freight Operator XPO Shares Are Diving Premarket Thursday

LTL tonnage per day decreased&nbsp;4.6%, as compared with August 2023, attributable to a year-over-year decrease of&nbsp;4.5%&nbsp;in shipments per day and a decrease of&nbsp;0.1%&nbsp;in weight per shipment.
Mario Harik, chief executive officer of XPO, said, &quot;In August, we managed our variable costs effectively in a soft demand environment, supporting our&nbsp;outlook&nbsp;for margin expansion.

XPO Reports August LTL Tonnage Per Day Decrease Of 4.6% Y/Y

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UNP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$250.00</td>
<td>$418.2K</td>
<td>1.6K</td>
<td>2.0K</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$175.00</td>
<td>$81.8K</td>
<td>423</td>
<td>1.6K</td>
</tr>
<tr>
<td>LYFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$11.00</td>
<td>$41.6K</td>
<td>1.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>XPO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$87.50</td>
<td>$27.3K</td>
<td>423</td>
<td>352</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$160.00</td>
<td>$25.1K</td>
<td>470</td>
<td>197</td>
</tr>
<tr>
<td>BLDR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$165.00</td>
<td>$42.6K</td>
<td>748</td>
<td>188</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$300.00</td>
<td>$62.8K</td>
<td>500</td>
<td>79</td>
</tr>
<tr>
<td>ENVX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$19.00</td>
<td>$31.6K</td>
<td>474</td>
<td>50</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$12.50</td>
<td>$30.0K</td>
<td>16.7K</td>
<td>40</td>
</tr>
<tr>
<td>SPR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$18.00</td>
<td>$46.5K</td>
<td>183</td>
<td>33</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding UNP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>), we observe a call option sweep with bullish sentiment. It expires in 45 day(s) on September 20, 2024. Parties traded 1139 contract(s) at a $250.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $418.2K, with a price of $370.0 per contract. There were 1666 open contracts at this strike prior to today, and today 2008 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option sweep with bearish sentiment. It expires in 73 day(s) on October 18, 2024. Parties traded 103 contract(s) at a $175.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $81.8K, with a price of $795.0 per contract. There were 423 open contracts at this strike prior to today, and today 1628 contract(s) were bought and sold. 
• Regarding LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we observe a put option sweep with bullish sentiment. It expires in 73 day(s) on October 18, 2024. Parties traded 318 contract(s) at a $11.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $41.6K, with a price of $131.0 per contract. There were 1499 open contracts at this strike prior to today, and today 1093 contract(s) were bought and sold. 
• Regarding XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>), we observe a put option sweep with bullish sentiment. It expires in 164 day(s) on January 17, 2025. Parties traded 65 contract(s) at a $87.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $420.0 per contract. There were 423 open contracts at this strike prior to today, and today 352 contract(s) were bought and sold. 
• For GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on August 9, 2024. This event was a transfer of 45 contract(s) at a $160.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.1K, with a price of $560.0 per contract. There were 470 open contracts at this strike prior to today, and today 197 contract(s) were bought and sold. 
• Regarding BLDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>), we observe a put option trade with bearish sentiment. It expires in 10 day(s) on August 16, 2024. Parties traded 49 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $42.6K, with a price of $870.0 per contract. There were 748 open contracts at this strike prior to today, and today 188 contract(s) were bought and sold. 
• For FDX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>), we notice a call option sweep that happens to be bullish, expiring in 136 day(s) on December 20, 2024. This event was a transfer of 34 contract(s) at a $300.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $62.8K, with a price of $1845.0 per contract. There were 500 open contracts at this strike prior to today, and today 79 contract(s) were bought and sold. 
• Regarding ENVX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), we observe a put option trade with bearish sentiment. It expires in 45 day(s) on September 20, 2024. Parties traded 40 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $31.6K, with a price of $790.0 per contract. There were 474 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding ZIM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), we observe a call option trade with bullish sentiment. It expires in 528 day(s) on January 16, 2026. Parties traded 40 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $750.0 per contract. There were 16726 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
• For SPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>), we notice a call option sweep that happens to be bearish, expiring in 164 day(s) on January 17, 2025. This event was a transfer of 30 contract(s) at a $18.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $46.5K, with a price of $1540.0 per contract. There were 183 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BLDR

ENVX

LYFT

10 Industrials Stocks Whale Activity In Today's Session

Stifel analyst J. Bruce Chan maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Buy and raises the price target from $120 to $125.

Stifel Maintains Buy on XPO, Raises Price Target to $125

XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) shares are trading higher after it&nbsp;<a href="https://www.benzinga.com/pressreleases/24/08/g40094428/xpo-reports-second-quarter-2024-results">reported&nbsp;second-quarter&nbsp;FY24 results</a>.
Revenue growth of&nbsp;8.5%&nbsp;Y/Y to&nbsp;$2.097 billion,&nbsp;beating the consensus of&nbsp;$2.072 billion. The increase in revenue&nbsp;was aided&nbsp;by higher yield and tonnage per day in the North American LTL segment.
Operating income was&nbsp;$197 million, compared to&nbsp;$107 million&nbsp;a year ago. Adjusted EPS was&nbsp;$1.12, up&nbsp;57.7%&nbsp;Y/Y,&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beating the consensus of&nbsp;$1.01.</a>
Adjusted EBITDA increased&nbsp;40.6%&nbsp;Y/Y to&nbsp;$343 million&nbsp;in the quarter, and the margin expanded to&nbsp;16.5%&nbsp;from&nbsp;12.7%&nbsp;last year in the same quarter.
North American Less-Than-Truckload revenue was&nbsp;$1.27 billion&nbsp;(+12.0%&nbsp;Y/Y). The adjusted operating ratio was&nbsp;83.2%, up 440 bps YoY.&nbsp;
The segment saw a 4.5% Y/Y increase in daily shipments, a 3.4% Y/Y rise in daily tonnage, and a 9.0% Y/Y increase in yield, excluding fuel.
European Transportation generated revenue of&nbsp;$808 million&nbsp;(+3.5%&nbsp;Y/Y), and the adjusted EBITDA margin was&nbsp;6.1%, up&nbsp;10&nbsp;bps Y/Y, in the quarter.&nbsp;
The company generated&nbsp;$210 million&nbsp;of cash flow from operating activities&nbsp;in the quarter&nbsp;and ended the quarter with&nbsp;$250 million of cash and cash equivalents on hand.
Additionally, XPO opened 14 of the 28 service centers acquired in December, with another 10 anticipated to open this year.
Mario Harik, chief executive officer of XPO, said, &#8220;Our strong performance demonstrates the steady progress we&#8217;re making toward becoming the LTL service leader in North America. We&#8217;ll continue to build our service offering, invest in capacity ahead of demand and operate more efficiently. This strategy is creating a long runway for future margin expansion.&#8221; 
Investors can gain exposure to the stock via ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPL#NYSE">SUPL</a>) and The Alger ETF Trust Alger Weatherbie Enduring Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWEG#NYSE">AWEG</a>).
Price Action: XPO shares are up 6.5% at $122.39 at last check Thursday.
Read Next:
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Earnings

XPO Surpasses Q2 Expectations With 57% Earnings Growth; CEO Sees 'Long Runway For Future Margin Expansion'

General

XPO shares are trading higher after the company reported better-than-expected Q2 financial results.

XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) reported quarterly earnings of $1.12 per share which beat the analyst consensus estimate of $1.01 by 10.89 percent. The company reported quarterly sales of $2.097 billion which beat the analyst consensus estimate of $2.072 billion by 1.21 percent. This is a 9.39 percent increase over sales of $1.917 billion the same period last year.

Earnings Beats

XPO Q2 2024 Adj. EPS $1.12 Beats $1.01 Estimate, Sales $2.097B Beat $2.072B Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$8.00</td>
<td>$31.4K</td>
<td>40</td>
<td>2.5K</td>
</tr>
<tr>
<td>ENVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$14.00</td>
<td>$55.0K</td>
<td>350</td>
<td>2.2K</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$65.00</td>
<td>$49.5K</td>
<td>788</td>
<td>1.9K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$119.00</td>
<td>$45.1K</td>
<td>0</td>
<td>1.4K</td>
</tr>
<tr>
<td>BR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$220.00</td>
<td>$187.7K</td>
<td>19</td>
<td>276</td>
</tr>
<tr>
<td>DAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$42.00</td>
<td>$72.5K</td>
<td>4.8K</td>
<td>250</td>
</tr>
<tr>
<td>NOC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$460.00</td>
<td>$193.0K</td>
<td>677</td>
<td>207</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$10.00</td>
<td>$47.2K</td>
<td>396</td>
<td>200</td>
</tr>
<tr>
<td>PAYC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$165.00</td>
<td>$30.5K</td>
<td>117</td>
<td>137</td>
</tr>
<tr>
<td>XPO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$110.00</td>
<td>$105.0K</td>
<td>507</td>
<td>98</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding AAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), we observe a put option sweep with bullish sentiment. It expires in 207 day(s) on February 21, 2025. Parties traded 1013 contract(s) at a $8.00 strike. This particular put needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $31.4K, with a price of $31.0 per contract. There were 40 open contracts at this strike prior to today, and today 2539 contract(s) were bought and sold. 
• For ENVX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on August 2, 2024. This event was a transfer of 500 contract(s) at a $14.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $55.0K, with a price of $110.0 per contract. There were 350 open contracts at this strike prior to today, and today 2249 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option sweep that happens to be neutral, expiring in 4 day(s) on August 2, 2024. This event was a transfer of 500 contract(s) at a $65.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $99.0 per contract. There were 788 open contracts at this strike prior to today, and today 1947 contract(s) were bought and sold. 
• Regarding MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on August 9, 2024. Parties traded 902 contract(s) at a $119.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $50.0 per contract. There were 0 open contracts at this strike prior to today, and today 1496 contract(s) were bought and sold. 
• Regarding BR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BR#NYSE">BR</a>), we observe a call option sweep with bullish sentiment. It expires in 109 day(s) on November 15, 2024. Parties traded 276 contract(s) at a $220.00 strike. This particular call needed to be split into 35 different trades to become filled. The total cost received by the writing party (or parties) was $187.7K, with a price of $680.0 per contract. There were 19 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold. 
• For DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we notice a put option trade that happens to be bearish, expiring in 172 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $42.00 strike. The total cost received by the writing party (or parties) was $72.5K, with a price of $290.0 per contract. There were 4844 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• For NOC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), we notice a call option sweep that happens to be bearish, expiring in 18 day(s) on August 16, 2024. This event was a transfer of 100 contract(s) at a $460.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $193.0K, with a price of $1930.0 per contract. There were 677 open contracts at this strike prior to today, and today 207 contract(s) were bought and sold. 
• For LYFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), we notice a call option trade that happens to be bullish, expiring in 508 day(s) on December 19, 2025. This event was a transfer of 100 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $47.2K, with a price of $472.0 per contract. There were 396 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For PAYC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>), we notice a put option sweep that happens to be bullish, expiring in 18 day(s) on August 16, 2024. This event was a transfer of 28 contract(s) at a $165.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $30.5K, with a price of $1090.0 per contract. There were 117 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>), we notice a call option sweep that happens to be bullish, expiring in 109 day(s) on November 15, 2024. This event was a transfer of 79 contract(s) at a $110.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $105.0K, with a price of $1333.0 per contract. There were 507 open contracts at this strike prior to today, and today 98 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Press Releases

XPO Opens New Service Center in Las Vegas to Expand Trade Show Shipping  and Strengthen Freight Transportation Across the Region

XPO Provides North American LTL Operating Data for May 2024

XPO Schedules Second Quarter 2024 Earnings Conference Call for Thursday, August 1, 2024

XPO Launches Significant Expansion of Cross-Border Mexico LTL Service

22 XPO Drivers to Compete in the 2024 National Truck Driving Championships in Indianapolis

XPO Reports Second Quarter 2024 Results

Three XPO Drivers Earn Top Awards at the 2024 National Truck Driving Championships

XPO Provides North American LTL Operating Data for August 2024

XPO Named a 2025 FreightTech 100 Company by FreightWaves

XPO Schedules Third Quarter 2024 Earnings Conference Call for Wednesday, October 30, 2024

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