The Exela Technologies Inc (NASDAQ:XELA) stock has been in the middle of a rollicking rally over the course of the past week and has clocked gains of as much as 40% amidst heavy interest. In light of such gains, it might be a good idea for investors to take a closer look at it.
Trading Data
On Thursday, XELA stock decreased 0.77%% to $0.7840 with more than 82.27 million shares, compared to its average volume of 31.91 million shares. The stock moved within a range of $0.7502 – 0.8669 after opening trade at $0.7840.
Exela Technologies Expands Intelligent Document Processing Strength with Work-From-Anywhere Platform, Enrolling over 6,000 Users
As it happens, the global process automation company was actually in the news yesterday after it made a major announcement with regards to its Work From Anywhere platform that is meant for Intelligent Document Processing. Yesterday the company announced that the above mentioned platform boasted of more than 6000 users as of yesterday.
It was a major milestone for the company and it may eventually prove to be a fresh positive trigger for the Exela stock at this point in time. It is a platform that allows its users from work at any time and from anywhere.
At a time when remote work is gaining more acceptance all over the world, the product from Exela and its performance so far is an important development. It may now be a good idea to add the stock to your watch lists and keep an eye on further developments.
Key Quote
“As the global workforce evolves, Exela continues to provide innovative platforms to leverage the gig economy with our Work-From-Anywhere solutions,” said Suresh Yannamani, Exela’s President, adding, “we are excited to exceed our first user milestone on our WFA platform, and with the uberization of exception management, we are pleased to be creating on-demand job opportunities in countries hit with the pandemic and high unemployment.”
Technical Data
XELA stock is below the 50-Day and 200-Day Moving averages of $0.90 and $1.77 respectively. Moreover, the stock is trading above the 20-Day moving average of $0.69.
