Xerox Corporation (NYSE:XRX) dropped by -0.7 or -0.07 points during the last session to $9.86 per share. One of the highlights of the day was the net money flow figure, which stood at $8.8 million even as the stock accepted $14.04 million in upticks but rejected $5.24 million in downticks. The up/down ratio for the last observation was a 2.68. The 1-week percentage change for the stock price is registered at -1.99%.A block transaction occurred with $11.12 million in upticks and $1.44 million in downticks while the up/down ratio was calculated to be 7.7. The stock witnessed a net inflow of $9.68 million at the end of the block trade.
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 (NYSE:XRX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.07 points or 0.7% at $9.86 with 4,601,476 shares getting traded. Post opening the session at $9.89, the shares hit an intraday low of $9.84 and an intraday high of $9.995 and the price was in this range throughout the day. The company has a market cap of $9,988 million and the number of outstanding shares have been calculated to be 1,013,002,310 shares. The 52-week high of Xerox Corporation (NYSE:XRX) is $11.46 and the 52-week low is $8.48.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Xerox Corporation (NYSE:XRX). Credit Suisse has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $10 per share from a prior target of $11. The rating by the firm was issued on April 26, 2016.
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.