While this happened, Citigroup initiated its Xerox Holdings Corp [XRX] rating to a Sell in a research note published on June 28, 2024; the price target was $11. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid August with a ‘”an Underperform”‘ rating. Morgan Stanley also remained covering XRX and has decreased its forecast on February 04, 2021 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Credit Suisse revised its rating on January 27, 2021. It rated XRX as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of XRX
On Tuesday, Xerox Holdings Corp [NASDAQ:XRX] saw its stock fall -17.41% to $8.49. Over the last five days, the stock has lost -18.44%. Xerox Holdings Corp shares have fallen nearly -53.68% since the year began. Nevertheless, the stocks have fallen -30.35% over the past one year. While a 52-week high of $19.78 was reached on 01/30/24, a 52-week low of $9.51 was recorded on 10/29/24. SMA at 50 days reached $10.39, while 200 days put it at $13.69.
Levels Of Support And Resistance For XRX Stock
The 24-hour chart illustrates a support level at 8.01, which if violated will result in even more drops to 7.53. On the upside, there is a resistance level at 8.98. A further resistance level may holdings at 9.47. The Relative Strength Index (RSI) on the 14-day chart is 30.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.63%. Stochastics %K at 14.69% indicates the stock is a buying.
How much short interest is there in Xerox Holdings Corp?
A steep rise in short interest was recorded in Xerox Holdings Corp stocks on 2024-10-15, growing by 1.19 million shares to a total of 16.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.96 million shares. There was a rise of 7.35%, which implies that there is a positive sentiment for the stock.
