Xerox Corporation (XRX) : During the past 4 weeks, traders have been relatively bearish on Xerox Corporation (XRX), hence the stock is down -1.4% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.79% relative to the S&P 500. The 4-week change in the price of the stock is -1.02% and the stock has fallen -0.82% in the past 1 week.
Xerox Corporation is up 6.95% in the last 3-month period. Year-to-Date the stock performance stands at -7.37%. The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 0.17%.
Xerox Corporation (NYSE:XRX): The stock opened at $9.65 on Friday but the bulls could not build on the opening and the stock topped out at $9.71 for the day. The stock traded down to $9.61 during the day, due to lack of any buying support eventually closed down at $9.69 with a loss of -0.10% for the day. The stock had closed at $9.70 on the previous day. The total traded volume was 4,065,497 shares.
Also, Brokerage firm BMO Capital maintains its rating on Xerox Corporation (NYSE:XRX). As per the latest information, the brokerage house raises the price target to $10.5 per share from a prior target of $10. The shares have been rated Market Perform. The rating by the firm was issued on August 1, 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.