Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
On November 1, 2022, our common stock began regular-way trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “RXO.”
On February 22, 2023, there were approximately 90 registered holders of our common stock.
We have never declared or paid cash dividends on our common stock. Any determination to pay dividends on our common stock will be at the discretion of our board of directors, subject to applicable laws, and will depend on our financial condition, results of operations, capital requirements, general business conditions and other factors that our board of directors considers relevant.
Stock Performance Graph
The following graph sets forth the cumulative total stockholder return to RXO’s stockholders for the period beginning November 1, 2022, the date of the Separation, through December 31, 2022, as well as the corresponding returns on the Dow Jones Transportation Average and S&P 400 MidCap index.
The stock performance assumes $100 was invested on November 1, 2022, in our common stock and each index, including reinvestment of dividends through December 31, 2022.
November 1, 2022 November 30, 2022 December 31, 2022
RXO, Inc. $ 100.00 $ 99.69 $ 90.24
Dow Jones Transportation Average $ 100.00 $ 108.34 $ 99.05
S&P 400 MidCap $ 100.00 $ 105.54 $ 99.50
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Unregistered Sales of Equity Securities and Use of Proceeds
None.
ITEM 6. RESERVED
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.