Value Still Waiting For A Catalyst: Xerox Corporation (XRX), American International Group, Inc. (AIG)

Feldman Michael David, Executive Vice President, sold 3,729 shares of the Xerox Corporation (NYSE:XRX) in an exchange that happened on November 6th. The stock was sold at an average price of $29.00 per share, amounting to a transaction worth $108,141. The sale was made public in a document filed with the SEC. Additionally, Executive Vice President Tessler Herve sold 16,567 shares of this stock in a transaction that took place on August 3rd. The stock was sold at an average price of $26.03 per share, for a total exchange amounting to $431,221. After the transaction, the Executive Vice President Tessler Herve currently holds 34,647 shares of the company’s stock, which is worth approximately $1007881.

With this stock price’s latest movement, it is now -9.97% away from its 1-year high and 56.61% higher than its 1-year low price. In the past seven days, the stock price volatility for Xerox Corporation was 2.15%, whereas its volatility in the past 30 days has been 2.62%. This public company’s stock also has a beta score of 1.43. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

Xerox Corporation (NYSE:XRX) most recently published its quarterly earnings results. The firm posted $1.14 earnings per share (EPS) for the three-month period, surpassing analysts’ consensus estimate of $1.04 by $0.10. The publicly-traded organization reported revenue of $2,533.00 million for the quarter, compared to the average analyst forecast calling for $2,563.00 million, which was missing the analyst consensus estimate.

Shares of Xerox Corporation (XRX) surged 0.38%, amounting to a gain of $0.11 per share, to finish the regular trading session at $29.09 on Saturday 02/09/2019. After beginning the session at $28.73, shares of Xerox Corporation reached as high as $29.24 during the day, while hitting a 1-day low of $28.7. Trade volume reached 2,566,842 shares against this stock’s average daily volume of 4.12M shares, with a total float of 222.04M. As a consequence of the price increase, Xerox Corporation now has a current market value of 6.76B.

American International Group, Inc. (NYSE:AIG) subtracted -0.89% to its trading price by the close of the most recent session, dropping from its previous closing price of $42.83 to $42.45. This stock increased in value by -3.13% during the last 7-day period, and experienced a loss of 3.13% over the past 30-day period. In the past three months, this stock’s price lost by -5.46% , and subtracted -19.05% to its price during the last six months of trading. AIG demonstrated a yearly price loss of -29.80% , while its year-to-date (YTD) price performance has been up 7.71% . This stock’s price changed by +17.39% compared to its 90-day low, and moved down -4.56% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the AIG stock as “Buy”. In the short-term, American International Group, Inc. (AIG) has a 20-day average volume of 5,312,895 shares and short-term indicators sets the AIG stock as “ 40% Sell ” on average basis. In the medium-term, AIG stock has a 50-Day average volume of 7,110,038 shares and medium-term indicators gave the average rating of “ 25% Sell ”, while in the long-term period the FB stock has a 100-Day average volume of 7,161,462 shares. On average, long-term indicators rated the stock as “67% Sell ”. The overall picture from all short, medium and long-term indicators sets the AIG stock as “32% Sell ” on average basis.

Recently, multiple brokerages have sent out reports on AIG. Credit Suisse, for example, Initiated its rating on shares of American International Group, Inc. to a “Neutral”, while setting a $46 price target on shares of the company’s stock, according to a research note from Tuesday February 5th, 2019. while giving the stock a “ In-line” from “Outperform ” rating, as stated in a research report from Wednesday, November 7th, 2018. Deutsche Bank, on the other hand, Reiterated a “Hold” rating on this stock, while posting a $52 price target on shares of this company’s stock in a research note dated Monday, October 22nd, 2018.

In other news related to American International Group, Inc. stock, 92.60% shares of AIG held by institutions. The total number of institutions who held the AIG shares was 1,106, according to most recent SEC filling. During the past quarter, total 819,192,194 shares held by institutions with the net change of -1,730,222 shares. In the meantime, 30 new institutions bought the shares of American International Group, Inc. for the first time and 77 institutions sold all their holdings in the company’s common stock. 179 institutions increased their investment in the AIG stock and 280 institutions decreased their investment in the American International Group, Inc. (AIG)’s stock during the last quarter.