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Why Shares of XPO Logistics Are Soaring Today

TheMotleyFool

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Why Shares of XPO Logistics Are Soaring Today

Shares of XPO Logistics (NYSE: XPO) traded up more than 13% on Thursday after the company said it was exploring selling one or more of its business units. The transportation and shipping company believes it is suffering from the so-called conglomerate discount, meaning that investors are not properly valuing the different parts of its portfolio.

XPO shares appreciated nearly 3,000% during a ten-year period ending in mid-2018, but the stock gave up about half of those gains in the last 18 months due to criticism from a short-seller and the unexpected loss of a major customer.