OEM Chairman Sells Thousands of Shares

A recent filing with the US Securities and Exchange Commission (SEC) reveals Ursula Burns, Chairman of Xerox, has reduced her stake in the company.

Burns sold 74,815 Xerox Corp (XRX) shares at an average price of $9.51 with a total value of $711,490.65 on November 3, 2016.

As reported by Baseball News Source, Xerox shares have been experiencing solid trade through various hedge funds, including Robeco Institutional Asset Management B.V,Global X Management Co. LLC and JPMorgan Chase & Co. all have increased their stake in XRX. Institutional investors and hedge funds currently own 83.87% of the company’s stock.

The company, which is in the process of a split, announced the approval of its separation term last week. The OEM says its shareholders will receive one share of Conduent common stock for every five shares of Xerox common stock they hold.

You’re Welcome to Contact Us!
You can provide opinions and comments on this story!
Or you can send us your own story!
Please contact us, via editor@RTMWorld.com

0 replies

Leave a Comment

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.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