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      What Is Leading The XELA Stock To Decline Premarket Session? - Stocks Telegraph

      By ST Staff

      Published on

      July 1, 2021

      8:45 AM UTC

      Last Updated on

      July 14, 2021

      7:31 AM UTC

      What Is Leading The XELA Stock To Decline Premarket Session? - Stocks Telegraph

      Exela Technologies Inc. (XELA) is in the red today in the premarket session, falling -1.26% to $2.36 at the last check. XELA stock rose 2.14% to $2.39 on Wednesday but was down -7.95% to trade at $2.20 in afterhour trades. XELA stock volume on the day was 436.52 million, up from 8.81 million on average in the last 3 months.

      For XELA stock, the 50-day moving average is $1.65, and the 200-day moving average is $1.76. Additionally, the XELA stock is currently trading at 76.06 on the Relative Strength Index. Investors appeared to be taking profits after the XELA stock surged last session.

      Why did XELA surge in regular session?

      Exela Technologies is a business process automation (BPA) leader. XELA’s proprietary technology enables it to provide digital transformation solutions that are designed to increase quality, productivity, and end-user satisfaction. In addition to serving more than 4,000 customers throughout 50 countries, XELA has more than 60% of Fortune 100 companies as clients.

      In a statement yesterday, Exela Technologies announced that it has completed its $100 million at-the-market equity plan, which was announced on May 27, 2021.

      Additionally, XELA has established an equity investment program worth $150 million. XELA intends to use the net proceeds from the offering to repay debt, acquire or license additional product candidates, businesses, as well as raising working capital.

      Exela, in a separate statement yesterday announced that the Digital Mailroom (DMR) platform is now available for small and midsize businesses (SMBs) in the UK to sign up online.

      • More employees are choosing to work from home as the remote working trend gains wider acceptance in the operations of small businesses.
      • XELA DMR will serve this rapidly growing customer base across Europe, beginning with the UK.
      • Enterprise customers from across Europe have already access to the DMR platform through XELA.
      • A virtual office address helps small and medium businesses and startups, as well as individuals in the UK get their mail as digitized documents accessible through the DMR portal, and businesses and professionals can now register for the XELA DMR.
      • Users can choose from a variety of pricing plans and signup easily for XELA, which is a multi-industry solution.
      • The DMR service offers add-on services like parcel delivery as well as several inbuilt features such as eSignatures, data redactions and storage in addition to digitized delivery of documents.

      XELA’s disruptive approach to remote working:

      Exela (XELA)’s DMR offers an essential and valuable service for seamless business processes that goes hand-in-hand with the work from home trend. XELA’s goal with DMR is to enable businesses of any size to easily sign up and begin using its solutions since the way people and businesses work has drastically changed.

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