ROCHESTER, N.Y. — Xerox Corp. finally set its business services division free with shares jumping roughly 16% in early afternoon trading after upgrades by two credit agencies.

When did Xerox split?

Xerox common stock will begin trading on a split-adjusted basis at market open on June 15, 2017. Xerox common stock continues to trade on the New York Stock Exchange under the symbol “XRX”, although a new CUSIP number (984121 608) has been assigned to the common stock because of the reverse stock split.

Is Xerox still a company?

As a large developed company, it is consistently placed in the list of Fortune 500 companies. On December 31, 2016, Xerox separated its business process service operations, essentially those operations acquired with the purchase of Affiliated Computer Services, into a new publicly traded company, Conduent.