Company Shares of Xerox Corporation Drops by -1.61%

Xerox Corporation (NYSE:XRX) has tumbled 1.61% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.89% in the last four weeks. The stocks have underperformed the S&P 500 by 0.43% during the past week but Xerox Corporation (NYSE:XRX) it has outperformed the index in 4 weeks by 5.92%.

Xerox Corporation (NYSE:XRX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.71 and $9.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.77, notching a gain of 0.72% for the day. The total traded volume was 5,663,008 . The stock had closed at $9.70 on the previous day.

The company shares have dropped -11.90% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $11.46 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.61 and the 200 Day Moving Average price is recorded at $9.99.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Credit Suisse maintains the rating on Xerox Corporation (NYSE:XRX). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency lowers the price target from $11 per share to $10 per share. The rating by the firm was issued on April 26, 2016. Currently the company Insiders own 0.37% of Xerox Corporation shares according to the proxy statements. Institutional Investors own 85.43% of Xerox Corporation shares.

Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services, Document Technology and Other. The Companys customers include small and midsize businesses (SMBs), graphic communications companies, Governmental entities, educational institutions and Fortune 1000 corporate accounts. The Companys Services segment provides two types of service offerings: Business Process Outsourcing (BPO) and Document Outsourcing (DO). It provides multi-industry offerings, such as customer care, transaction processing, finance and accounting, and human resources, as well as industry focused offerings in areas , such as healthcare, transportation, financial services, retail and telecommunications. The Companys Document Technology segment includes the sale of products and supplies, as well as the associated technical service and financing of those products.

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