Xerox Holdings Corp. Stock Falls Monday, Underperforms Market

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Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies. Its reportable segments are Verizon Consumer Group and Verizon Business Group. Its Consumer segment provides wireless and wireline communications services. Its wireless services are provided across wireless networks in the United States (U.S.) under the Verizon brand. Its wireline services are provided in nine states in the Mid-Atlantic and Northeastern U.S., as well as Washington D.C., over its fiber-optic network under the Fios brand and over a traditional copper-based network. Its Business segment provides wireless and wireline communications services and products, including data, video and conferencing services, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things services and products.

Xerox Holdings Corp. Stock Falls Monday, Underperforms Market

5:34 pm ET January 9, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Xerox Holdings Corp. (XRX) slipped 1.10% to $16.23 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.08% to 3,892.09 and Dow Jones Industrial Average falling 0.34% to 33,517.65. The stock's fall snapped a six-day winning streak. Xerox Holdings Corp. closed $7.84 below its 52-week high ($24.07), which the company reached on January 13th.

The stock underperformed when compared to some of its competitors Monday, as International Business Machines Corp. (IBM) fell 0.10% to $143.55 and HP Inc. (HPQ) rose 0.99% to $28.64. Trading volume (1.3 M) remained 73,125 below its 50-day average volume of 1.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 9, 2023.

(END) Dow Jones Newswires

January 09, 2023 17:34 ET (22:34 GMT)

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Xerox Holdings Corp. Stock Falls Monday, Underperforms Market