Xerox Corp (XRX): James A Firestone , Executive Vice President of Xerox Corp sold 50,000 shares on Jul 1, 2016. The Insider selling transaction was reported by the company on Jul 5, 2016 to the Securities and Exchange Commission. The shares were sold at $9.36 per share for a total value of $467,895.00 , the company said in a SEC Form 4 Filing.
Shares of Xerox Corp (XRX) ended Friday, Jul 1, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -1.48% at $9.35 with 51,86,533 shares getting traded. Post opening the session at $9.46, the shares hit an intraday low of $9.3 and an intraday high of $9.47 and the price vacillated in this range throughout the day. The company has a market cap of $9,472 M and the number of outstanding shares has been calculated to be 1,01,30,02,310 shares. The 52-week high of Xerox Corp is $11.46 and the 52-week low is $8.48.
Company has been under the radar of several Street Analysts.Xerox Corp is Downgraded by Brean Capital to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 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 Company’s customers include small and midsize businesses (SMBs) graphic communications companies Governmental entities educational institutions and Fortune 1000 corporate accounts. The Company’s 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 Company’s Document Technology segment includes the sale of products and supplies as well as the associated technical service and financing of those products.