Press Releases

Stocks To Track: Xerox Corporation (XRX), AK Steel Holding Corporation (AKS), Wells Fargo & Company (WFC)

102002060-149237508.530x298

Xerox Corporation (XRX) climbed 0.86% during last trading as the stock added $0.06 to finish the day at $7.03 with about 18.18M shares changing hands, compared to its three month average trading volume of 11.55M. The $7.24B market cap company, which fluctuated between $7.01 and $7.14 during the day, currently situated 30% above its 52 week low of $6.46 and -3.92% away from its one year high of $11.39. The RSI of 70.9 indicates the stock is overbought at the current levels, sell for now.

Xerox Corporation provides business process and document management solutions worldwide. Its Services segment offers business process outsourcing services, such as customer care, transaction processing, finance and accounting, human resources, communication and marketing, and consulting and analytics services, as well as services in the areas of healthcare, transportation, financial services, retail, and telecommunications areas. This segment also provides document outsourcing services comprising managed print services, including workflow automation and centralized print services. The company’s Document Technology segment offers desktop monochrome and color printers, multifunction printers, copiers, digital printing presses, and light production devices; and production printing and publishing systems for the graphic communications marketplace and large enterprises. Its Other segment sells paper, wide-format systems, global imaging systems network integration solutions, and electronic presentation systems. The company sells its products and services directly to its customers; and through its sales force, as well as through a network of independent agents, dealers, value-added resellers, systems integrators, and the Web. Xerox Corporation was founded in 1906 and is headquartered in Norwalk, Connecticut.

AK Steel Holding Corporation (AKS) gained $0.74 to close the day at a new closing price of $11.05, a 7.18% increase in value from its previous closing price that moved the stock 573.78% above its 52 week low of $1.64. A total of 18.18M shares exchanged hands during the day compared with its three month average trading volume of 21.11M. The stock, which fluctuated between $10.54 and $11.11 during the day, currently situated -2.99% below its 52 week high. The stock is up by 3.08% in the past one month and up by 127.37% over the past three months. With a one year target estimate of $9.43 and RSI of 62.15, the stock still has upside potential, making it a hold for now.

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania. It sells its flat-rolled carbon steel products primarily to automotive manufacturers and to customers in the infrastructure and manufacturing markets, including electrical transmission, heating, ventilation and air conditioning equipment, and appliances; and coated, cold-rolled, and hot-rolled carbon steel products to distributors, service centers, and converters. The company sells its stainless steel products to manufacturers and their suppliers in the automotive industry; manufacturers of food handling, chemical processing, pollution control, and medical and health equipment; and distributors and service centers. It also sells electrical steel products to manufacturers of power transmission and distribution transformers, as well as for use in the manufacture of electrical motors and generators. AK Steel Holding Corporation was founded in 1993 and is headquartered in West Chester, Ohio.

Wells Fargo & Company (WFC) had a light trading with around 17.98M shares changing hands compared to its three month average trading volume of 26.69M. The stock traded between $54.26 and $55.18 before closing at the price of $54.62 with 0.7% change on the day. The San Francisco California 94104 based company is currently trading 26.46% above its 52 week low of $43.55 and -5.86% below its 52 week high of $58.02. Both the RSI indicator and target price of 51.49 and $56.17 respectively, lead us to believe that it should be put on hold over the coming weeks.

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, as well as time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing and private label financing solutions, as well as purchases retail installment contracts. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, insurance, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; commercial real estate loan servicing; and real estate and mortgage brokerage services. The company’s Wealth, Brokerage and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services. As of February 25, 2015, it operated through approximately 8,700 locations and 12,500 ATMs & offices in 36 countries. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

 

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *