Insider Selling: Xos, Inc. (NASDAQ:XOS) General Counsel Sells 20,000 Shares of Stock

Xos, Inc. (NASDAQ:XOS) General Counsel Christen T. Romero sold 20,000 shares of XOS stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $4.00, for a total transaction of $80,000.00. Following the completion of the transaction, the general counsel now directly owns 207,642 shares in the company, valued at approximately $830,568. This represents a 8.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

XOS Stock Up 2.8 %

NASDAQ XOS traded up $0.11 during trading on Tuesday, reaching $4.00. 14,721 shares of the company traded hands, compared to its average volume of 44,979. Xos, Inc. has a 1-year low of $3.65 and a 1-year high of $14.86. The stock’s 50 day moving average price is $4.51 and its two-hundred day moving average price is $5.62.

Wall Street Analysts Forecast Growth

XOS has been the subject of a number of research analyst reports. Wedbush cut their target price on shares of XOS from $15.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, August 15th. Roth Mkm began coverage on XOS in a research report on Wednesday, October 23rd. They issued a “buy” rating and a $15.00 price target on the stock. DA Davidson cut XOS from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $9.00 in a research report on Friday, August 16th. Roth Capital upgraded shares of XOS to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Northland Capmk downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, XOS has an average rating of “Moderate Buy” and an average 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.