Market Overview

Xerox Trades Higher After Carl Icahn Buys Shares

Xerox Trades Higher After Carl Icahn Buys Shares

Xerox (NYSE: XRX) shares are trading higher on Monday after Carl Icahn added to his stake in the company, purchasing 1.8 million shares at an average price of $16.31.

Icahn has been pushing for Xerox to merge with HP Inc for an extended period of time. He most recently spoke about the potential merger in March.

Xerox is an original equipment manufacturing and software company. Xerox operates in one segment--design, development and sale of printing technology and related solutions--while deriving 60% of its revenue from North America, and 40% from international markets.

Xerox shares were trading up 5.73% at $17.72 on Monday at the time of publication. The stock has a 52-week range between $39.47 and $14.22.


Related Articles (XRX)

View Comments and Join the Discussion!

Posted-In: Carl Icahn why it's movingNews Hedge Funds Insider Trades General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at