GXO Logistics, Inc. (GXO) provides warehousing and distribution, order fulfillment, e-commerce, and reverse logistics or returns management services worldwide. The Greenwich, Conn., company recently announced that it expects to add more than 3,000 positions in France over the next two years to meet the strong demand for its e-commerce solutions. It will also handle logistics for Majestic Wine's nationwide e-commerce.
The stock has declined 20.8% in price over the past month and 30.9% year-to-date to close yesterday’s trading session at $62.77. In addition, it is currently trading 40.7% below its 52-week high of $105.92, which it hit on Nov. 18, 2021.
