Xerox Corporation (XRX) has been under a strong bear grip, hence the stock is down -2.96% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.83% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.45% in the last 1 week, and is up 3.6% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Xerox Corporation (NYSE:XRX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.79 and $9.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.79, notching a gain of 0.20% for the day. The total traded volume was 2,244,554 . The stock had closed at $9.77 on the previous day.
The stock has recorded a 20-day Moving Average of 3.2% and the 50-Day Moving Average is 2.61%. Xerox Corporation has dropped 11.58% during the last 3-month period . Year-to-Date the stock performance stands at -6.41%.
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.