The market has been neutral on Xerox Holdings Corp (XRX) stock recently. XRX gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.
Xerox Holdings Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on XRX!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With XRX Stock Today?
Xerox Holdings Corp (XRX) stock is trading at $17.13 as of 10:43 AM on Tuesday, May 24, a loss of -$0.33, or -1.89% from the previous closing price of $17.46. The stock has traded between $17.09 and $17.62 so far today. Volume today is light. So far 247,222 shares have traded compared to average volume of 2,608,875 shares.
More About Xerox Holdings Corp
Xerox is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.
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