Recent activity shows that Xerox, XRX the Insider Confidence level is trending Up due to Corporate Insiders of XRX Bought $17.5M worth of shares in the last 3 months.
Before you dig into this report it is important to remember that “Insider Buying” is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
“Insider Buying” is not a crime when the buying is based on public information.
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell. That’s why people pay attention to insider buying.
Here is a list of the latest insider activity for XRX:
- Letier A. Scott – Director, Bought $78,221 worth of shares on 5 days ago
- Carl Icahn – >10% Owner, Bought $17,376,975 worth of shares on 2 days ago
- Morno-Wade Suzan – EVP & CHRO, $51,503 worth of shares on 6 months ago
- Feldman Michael David – EVP, $672,417 worth of shares on 6 months ago
TipRanks.com reports that Xerox currently has 2 analysts offering 12-month price targets and the consensus is a Moderate Sell rating with an average price target is $18.00 . The target pricing ranges from a high forecast of $20.00 down to a low forecast of $16.00. Xerox (XRX)’s last closing price was 19.2 which would put the average price target at 18.00 upside.
In addition, TradingView issued a Sell rating for XRX over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook.
Summary: Xerox Holdings Corporation, through its subsidiaries, provides printers, scanners, supplies and accessories. It serves health care, insurance, government and retail sectors. Xerox Holdings Corporation, formerly known as Xerox Corporation, is based in Norwalk, CT.
- Last Price: 19.2
- Price Change: 0.62, 3.34%
- Yearly Gain: 7.09%
- Market Cap: 3.43B
- P/E Ratio: 12.1
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