Qxo Inc

QXO closed at $14.40 on Friday, down 6.6%, as weak housing data and a 30% increase in shares from the TopBuild acquisition weighed on the stock.

Global stock markets declined sharply Monday after Iran's closure of the Strait of Hormuz sent oil prices soaring 3.8%, stoking geopolitical tensions and fueling rate hike fears.

QXO stock dropped 7.5% after its TopBuild deal, as 312.5 million new shares hit the market. The company faces integration challenges and debt paydown pressure.

QXO shares rose 2.8% after a filing detailed that legacy Beacon is expected to generate about two-thirds of the planned adjusted EBITDA increase by 2030.

QXO shares dropped 5.5% to $14.42 after closing its $17B TopBuild acquisition, with S&P cutting TopBuild's rating and investors weighing integration challenges.

QXO shares dropped 3.5% after TopBuild holders overwhelmingly chose cash, but proration leaves them with QXO stock, creating a 313 million-share supply test.

QXO announced a definitive agreement to acquire insulation specialist TopBuild for approximately $17 billion in cash and stock. The transaction, offering a 23% premium, aims to create the second-largest publicly traded building-products distributor in North America.

The U.S. dollar strengthened as Middle East hostilities boosted its safe-haven appeal, while oil prices jumped 5%, stoking inflation concerns. Major industrial stocks entered a technical correction.

QXO shares surged over 16% in after-hours trading after announcing a $2.25 billion cash-and-stock deal to acquire Kodiak Building Partners, expanding its market reach.