- The stock price of Exela Technologies Inc (NASDAQ: XELA) increased by over 14% during intraday trading. These are some details you should know about.
The stock price of Exela Technologies Inc (NASDAQ: XELA) increased by over 14% during intraday trading. There is no company-specific news driving the stock price up.
Retail investors coordinating a short squeeze seems to be the play today. And discussions about XELA has been surging on multiple social media platforms.
Exela Technologies had become a favorite amongst retail investors who are active on social media in recent months. One of the catalysts that brought attention to the company back in late June was the rollout of EON (Exela’s Robotic Process Automation platform) for a large health insurance company. Since June 28, the stock price has increased by over 112%.
Exela recently announced it is going to host a conference call with the financial community to discuss results for the second quarter of 2021 at 11:00 a.m. ET on August 10, 2021.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
