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
Market Information
On November 1, 2022, our common stock began regular-way trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “RXO.” As of February 8, 2024, there were approximately 97 registered holders of our common stock.
Dividends
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, 2023, as well as the corresponding returns on the Dow Jones Transportation Average and S&P SmallCap 600 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, 2023.
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11/1/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023
RXO, Inc. $ 100.00 $ 90.24 $ 103.04 $ 118.94 $ 103.52 $ 122.04
Dow Jones Transportation Average 100.00 99.05 106.79 114.86 110.71 117.59
S&P SmallCap 600 100.00 96.39 98.43 101.28 95.86 109.77
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.