Xerox Holdings Corp. Stock Falls Monday, Underperforms Market
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Shares of Xerox Holdings Corp. (XRX) shed 3.86% to $16.17 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.30% to 4,017.77 and Dow Jones Industrial Average falling 0.77% to 33,717.09. This was the stock's third consecutive day of losses. Xerox Holdings Corp. closed $7.08 below its 52-week high ($23.25), which the company achieved on February 16th.
The stock underperformed when compared to some of its competitors Monday, as International Business Machines Corp. (IBM) rose 0.68% to $135.30 and HP Inc. (HPQ) fell 1.40% to $28.82. Trading volume (2.2 M) eclipsed its 50-day average volume of 1.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 30, 2023.
(END) Dow Jones Newswires
January 30, 2023 17:35 ET (22:35 GMT)
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