Xerox (NYSE:XRX) Picks Kathryn Mikells as Financial Chief

Xerox Corporation (NYSE:XRX) announced on Thursday that the Norwalk, Connecticut based company picked Kathryn Mikells as chief financial officer and an executive vice president of the world’s biggest office things supplier.

Xerox picked CFO Kathryn Mikells, who presently serves as the CFO of The ADT Corp, most recently served as the chief financial officer of Nalco. He also serves as board member of The Hartford Financial Services Group.

Kathryn Mikells is set to join Xerox on May 2, 2013.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Canon Inc. (ADR) (NYSE:CAJ) fell -1.34% to settle at $36.69, Chyron Corporation (NASDAQ:CHYR) moved down -1.57% to end at $1.56 while Pitney Bowes Inc. (NYSE:PBI) dropped -0.47% to finish at $14.86 on Thursdays.

Xerox Corporation (NYSE:XRX) on March 28, 2013 increased +0.70% to the closing price of $8.60. The overall volume in the last trading session was 6.14 million shares. Its fifty two weeks range was $6.10 – $8.77. The total market capitalization remained at $10.52 billion.

XRX is ahead of its 52-week low with 42.82% and lagging behind from its 52-week high price with -1.26%. XRX’s last month’s stock price volatility remained 1.74%. In its share capital XRX has 1.22 billion outstanding shares, among them 1.17 billion shares have been floated in market exchange. XRX’s stock’s institutional ownership remained 86.51% while insider ownership included 0.19%.

The stock price of XRX is moving forward from its 20 days moving average with 1.52% and remote positively from 50 days moving average with 6.12%. XRX’s current year’s earnings per share experienced a downfall of -0.23% while its current quarter performance remained at 26.28%. Company’s beta coefficient included 1.65. Beta factors measure the amount of market risk associated with market trade.

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