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Xerox (XRX) Catches Eye: Stock Moves Up 5.8% in Session

Zacks Equity Research

Xerox Corporation XRX was a big mover last session, as its shares rose over 5% on the day. The move came after posted encouraging second-quarter 2017 results, wherein earnings beat estimates. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 12% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Xerox currently carries a Zacks Rank #3 (Hold).

Xerox Corporation Price

 

Xerox Corporation Price | Xerox Corporation Quote

A better-ranked stock in the Business - Services space is Mitie Group plc MITFY, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is XRX going up? Or down? Predict to see what others think: Up or Down

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