The cap is now just $868 million, $12.55 lower than the 52 week high, at $6.93 and down $1.32 YTD.
At the current clip, this is trending to $5.61 on 5/1, and $4.29 on 7/1.
This is where it gets weird. Volume was double today at 6mm, vs the 2.91mm average. Shares out yesterday were ~123MM and today, the XRX float is at 125MM today?! So apparently ~2MM shares got exercised on employee stock options today.
Will know for sure when the inside selling report comes out, but it looks like mgmt might be dumping shares. Classy!