Gold Miners Dominate Tuesday’s Worst-Performing Stocks

8. QXO Inc. (NYSE:QXO)

QXO Inc. fell for a fourth straight day on Tuesday, losing 4.09 percent to close at $12.20 apiece amid the lack of fresh catalysts to boost investing appetite.

In recent news, QXO entered into a definitive agreement with Beacon Roofing Supply for the acquisition of the latter for $11 billion, or a price of $124.35 apiece.

On Tuesday, Beacon’s Board of Directors unanimously recommended that all shareholders tender their shares into the offer until 5 pm on April 28, 2025.

The transaction is expected to close at or near the end of April, subject to a majority of Beacon shares tendering in the offer and other customary closing conditions.

The acquisition has already received the green light from the antitrust watchdogs in the US and Canada.

QXO said it plans to become the leader in the $800 billion building products distribution industry, as it targets to hit annual revenues of $50 billion.