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Insider Sale Alert: Xerox Holdings Corp [XRX] – Is it Time to sell?

In a filing, Xerox Holdings Corp revealed its 10% Owner ICAHN CARL C unloaded Company’s shares for reported $542.45 million on Sep 28 ’23. In the deal valued at $15.84 per share,34,245,314 shares were sold. As a result of this transaction, ICAHN CARL C now holds 0 shares worth roughly $0.0.

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Then, Morno-Wade Suzan sold 9,126 shares, generating $152,898 in total proceeds. Upon selling the shares at $16.75, the EVP & CHRO now owns 46,323 shares.

Before that, BANDROWCZAK STEVEN JOHN sold 135,000 shares. Xerox Holdings Corp shares valued at $2,096,550 were divested by the Chief Executive Officer at a price of $15.53 per share. As a result of the transaction, BANDROWCZAK STEVEN JOHN now holds 110,557 shares, worth roughly $1.54 million.

Credit Suisse initiated its Xerox Holdings Corp [XRX] rating to an Underperform in a research note published on August 17, 2022; the price target was $14. 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 Tuesday, Xerox Holdings Corp [NASDAQ:XRX] saw its stock jump 0.51% to $13.93. Xerox Holdings Corp shares have fallen nearly -24.00% since the year began. While a 52-week high of $19.78 was reached on 01/30/24, a 52-week low of $12.06 was recorded on 05/01/24. SMA at 50 days reached $15.44, while 200 days put it at $15.88. A total of 1.12 million shares were traded, compared to the trading of 0.91 million shares in the previous session.

Levels Of Support And Resistance For XRX Stock

The 24-hour chart illustrates a support level at 13.87, which if violated will result in even more drops to 13.80. On the upside, there is a resistance level at 14.02. A further resistance level may holdings at 14.10. The Relative Strength Index (RSI) on the 14-day chart is 40.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.69%. Stochastics %K at 64.69% indicates the stock is a holding.

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