Insider Selling: Xos, Inc. (NASDAQ:XOS) CFO Sells 7,418 Shares of Stock

Xos, Inc. (NASDAQ:XOS) CFO Liana Pogosyan sold 7,418 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $3.87, for a total transaction of $28,707.66. Following the completion of the sale, the chief financial officer now directly owns 61,570 shares of the company’s stock, valued at $238,275.90. The trade was a 10.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

XOS Trading Up 0.8 %

NASDAQ:XOS traded up $0.03 during mid-day trading on Friday, hitting $3.65. The stock had a trading volume of 6,697 shares, compared to its average volume of 19,340. The company has a 50 day simple moving average of $4.38 and a 200-day simple moving average of $5.42. Xos, Inc. has a 52 week low of $3.50 and a 52 week high of $14.86.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XOS. Northland Capmk downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Northland Securities restated a “market perform” rating and issued a $5.00 target price (down from $9.00) on shares of XOS in a research note on Monday, November 25th. DA Davidson downgraded shares of XOS from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $9.00 in a research note on Friday, August 16th. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Wedbush decreased their target price on shares of XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a research note on Thursday, August 15th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.25.

XOS Company Profile

Xos, Inc designs, manufactures, and sells battery-electric commercial vehicles. The company provides class 5-6 medium duty rolling chassis, such as commercial stepvans and armored trucks; class 7-8 heavy duty chassis; and Xos product development. It offers Xos provides mix-use powertrain solutions for off-highway, industrial and other commercial equipment, and specialty vehicles, such as school buses, medical and dental clinics, blood donation vehicles, and mobile command vehicles.