What’s Next For Xerox After An 11% Drop In Last 10 Days?

XRX: Xerox logo
XRX
Xerox

Xerox Holdings (NYSE: XRX), best known for its printers and copiers, has plunged by 11% over the last 10 trading days, after some of the brokerages downgraded the stock on the continued work from home policy for most offices, especially in Europe. More delay in returning to offices will directly impact the demand for Xerox printing products and page volume. In comparison, the broader S&P 500 grew 1.1% over the last 10 trading days. Now, is XRX stock poised to decline further? We don’t think so. We believe that the stock has seen a meaningful correction over the last year, and it still remains 45% below its pre-Covid highs of $38. Now with vaccines being approved in multiple countries, the offices will likely see a gradual pickup in footfall, boding well for XRX stock. There is a 51% chance of a rise in XRX stock over the next month (21 trading days) based on our machine learning analysis of trends in the stock price over the last 5 years. Note that XRX is also expected to report its Q4 2020 results on Tuesday, January 26, and the results will largely define the stock price move over the next few days. See our analysis on Xerox Stock Chances of Rise for more details. Curious about the possibility of rising over the next quarter? Check out the XRX Stock AI Dashboard: Chances Of Rise And Fall for a variety of scenarios on how XRX stock could move.

5D: XRX -8.6%, vs. S&P500 1.4%; Underperformed market

(5% likelihood event)

  • Xerox stock declined 8.6% over a 5-day trading period ending 1/25/2021, compared to broader market (S&P500) rise of 1.4%
  • A change of -8.6% or more over 5 trading days is a 5% likelihood event, which has occurred 58 times out of 1256 in the last 5 years
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10D: XRX -11%, vs. S&P500 1.1%; Underperformed market

(20% likelihood event)

  • Xerox stock declined 11% over the last 10 trading days (2 weeks), compared to broader market (S&P500) rise of 1.1%
  • A change of -11% or more over 10 trading days is a 20% likelihood event, which has occurred 258 times out of 1240 in the last 5 years

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