“ Amit Mehotra, Deutsche Bank’s lead transport analyst, said in a Friday note that he has no concerns about Jacobs shedding part of his position in both companies ahead of what Mehrotra believes will be ***** Jacobs’ ultimate departure from XPO ****. which he founded 10 years ago and which has been one of the New York Stock Exchange’s top performers since then.”
The entire article:
The entire article:
Jacobs sells 20% of XPO, GXO holdings; shares fall sharply
Strong selling on Friday follows the disclosure that XPO’s founder, and chair of both companies, sold 3.2 million shares in each.
www.freightwaves.com