Xerox Holdings Corp. Stock Falls Friday, Underperforms Market
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Shares of Xerox Holdings Corp. (XRX) slipped 2.04% to $16.82 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.25% to 4,070.56 and the Dow Jones Industrial Average rising 0.08% to 33,978.08. This was the stock's second consecutive day of losses. Xerox Holdings Corp. closed $6.43 short of its 52-week high ($23.25), which the company reached on February 16th.
The stock underperformed when compared to some of its competitors Friday, as International Business Machines Corp. (IBM) fell 0.04% to $134.39 and HP Inc. (HPQ) rose 0.76% to $29.23. Trading volume (2.3 M) eclipsed its 50-day average volume of 1.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 27, 2023.
(END) Dow Jones Newswires
January 27, 2023 17:35 ET (22:35 GMT)
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