Xerox (XRX) Shares Plunge 11.65% Amid Tariff Fears

Xerox (XRX) shares plummeted 11.65% today, hitting a record low with an intraday decline of 13.83%.

Xerox's stock price has been significantly impacted by recent geopolitical developments. The impending Chinese tariffs, set to take effect at midnight, have raised concerns about the company's domestic manufacturing operations. Additionally, the merger with the print division of the CCP is expected to bring about substantial changes, further influencing investor sentiment.

These geopolitical and operational shifts have created uncertainty, leading to a sharp decline in Xerox's stock price. Investors are closely monitoring the situation as these developments could have long-term implications for the company's financial performance and strategic direction.