Why QXO, Inc. Fell Over 20% in July
Shares of QXO, Inc. (QXO +6.46%) fell 23% in July, according to data from S&P Global Market Intelligence. QXO didn’t report earnings during the month, but it did close on the acquisition of TopBuild on July 1. QXO is executing a roll-up strategy to consolidate the building-products distribution business under CEO Brad Jacobs and his…