Xerox Corporation (XRX) Shares are Up 2.19%

Xerox Corporation (XRX) : Traders are bullish on Xerox Corporation (XRX) as it has outperformed the S&P 500 by a wide margin of 3.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.19% in the last 1 week, and is up 1.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.3% and the 50-Day Moving Average is 0.08%.The 200 Day SMA reached 0.1% Xerox Corporation is up 1.19% in the last 3-month period. Year-to-Date the stock performance stands at -6.31%.


Xerox Corporation (XRX) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $10. The average forecast of all the analysts is $11.36 and the expected standard deviation is $1.13.

Company shares have received an average consensus rating of Hold for the current week Xerox Corporation (NYSE:XRX): stock was range-bound between the intraday low of $9.64 and the intraday high of $9.8 after having opened at $9.77 on Fridays session. The stock finally closed in the red at $9.77, a loss of -0.10%. The stock remained in the red for the whole trading day. The total traded volume was 24,655,539 shares. The stock failed to cross $9.8 in Fridays trading. The stocks closing price on Thursday was $9.81.

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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