Xerox Holdings Corporation’s filing revealed that its SVP, Chief Technology Officer Shanker Naresh unloaded Company’s shares for reported $0.18 million on May 13. In the deal valued at $17.16 per share,10,700 shares were sold. As a result of this transaction, Shanker Naresh now holds 11,094 shares worth roughly $ 0.16 million.
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Then, ICAHN CARL C bought 783,900 shares, generating $13,459,563 in total proceeds. Upon buying the shares at $17.17, the 10% Owner now owns 34,245,314 shares.
Before that, ICAHN CARL C bought 1,346,523 shares. Xerox Holdings Corporation shares valued at $22,837,030 were divested by the 10% Owner at a price of $16.96 per share. As a result of the transaction, ICAHN CARL C now holds 33,461,414 shares, worth roughly $493.22 million.
Credit Suisse initiated its Xerox Holdings Corporation [XRX] rating to an Underperform in a research note published on Monday, August 17, 2022; the price target was $14. PT values the company’s stock at a premium of -5.29 to its Monday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early February from “an Equal-weight” to “an Underweight”. Credit Suisse also remained covering XRX and has decreased its forecast on January 27, 2021 with a “Neutral” recommendation from previously “an Outperform” rating. Cross Research revised its rating on January 19, 2021. It rated XRX as “a Sell” which previously was an “a Hold”.
Price Performance Review of XRX
On Monday, Xerox Holdings Corporation [NASDAQ:XRX] saw its stock jump 3.37% to $14.74. On the same session, the stock had its day’s lowest price of $14.33, but rose to a high of $14.74. Over the last five days, the stock has gained 0.75%. Xerox Holdings Corporation shares have fallen nearly -34.89% since the year began. Nevertheless, the stocks have fallen -24.53% over the past one year. While a 52-week high of $24.14 was reached on 01/05/22, a 52-week low of $11.80 was recorded on 10/25/22. SMA at 50 days reached $15.09, while 200 days put it at $17.46. A total of 1.0 million shares were traded, compared to the trading of 1.21 million shares in the previous session.
Levels Of Support And Resistance For XRX Stock
The 24-hour chart illustrates a support level at 14.47, which if violated will result in even more drops to 14.19. On the upside, there is a resistance level at 14.88. A further resistance level may holdings at 15.01. The Relative Strength Index (RSI) on the 14-day chart is 49.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.08%. Stochastics %K at 56.35% indicates the stock is a holding.
How much short interest is there in Xerox Holdings Corporation?
A steep rise in short interest was recorded in Xerox Holdings Corporation stocks on Jul 14, 2022, growing by 2.54 million shares to a total of 9.71 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.17 million shares. There was a rise of 26.16%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.12.
Xerox Holdings Corporation [XRX] – Who Are The Largest Shareholders?
In filings from Icahn Associates Holding LLC, it is revealed that the company now owns 34,245,314 shares, or roughly 22.01% of the outstanding XRX shares. In other words, the investor’s shares have risen by 2,130,423 from its previous 13-F filing of 32114891.0. Additionally, BlackRock Fund Advisors increased 21.69% of its stake after which the total value it holdings stand at $165,110,959, while The Vanguard Group, Inc. reduced -7.77% of its stake to hold $156.76 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 1,158,184 shares of Xerox Holdings Corporation, while LSV Asset Management bought 0 shares. At present, SSgA Funds Management, Inc. is holding 4,706,349 shares valued at $61.56 million. Jacobs Levy Equity Management, In owned 2,785,963 shares of the company at the time of its most recent 13F filing, worth $36.44 million.
According to FactSet, Xerox Holdings Corporation’s share price will average $12.47 in the next year, based on opinions of analysts polled by the firm. This is down nearly -12.34 percent from its previous closing price of $14.26. Analysts expect Xerox Holdings Corporation stock to reach the higher price of $15.00, while the lowest price estimate is $10.00.