https://apple.news/AiT5IFbdoQfOWj5JgLVOeaw
3 replies (most recent on top)
Yes exactly. Most investors don't care about what is happening to the employees. They care about the bottom line. Especially when you have institutional investors like Vanguard buying Xerox and including it in their funds. Stock price going up. Dividends being paid. Happy investors.
The stock price has little to do with Johnny V's plan to make Xerox a Tech Powerhouse, but rather investors belief Icahn will get the $40 he's been touting. Today's 52-week high close puts XRX at $40/share if it were sold today at a 20% premium, which is standard for public acquisitions.
The fact the stock has been driven up recently means investors are betting Xerox will be sold - SOON!
Fake News