XELA Stock Recent News

Shares of Exela Technologies (NASDAQ: XELA ) are taking flight, more than doubling so far on Tuesday. As we continue through afternoon trading, XELA stock is hitting new session highs.

Exela Technologies is grappling with a hefty debt burden and an unsustainable business model, leading to continuous dilution of shareholder equity. Despite attempts to shift towards software and cloud-based services, Exela Technologies' low-margined core customer service business remains its bread and butter.

One of today's top movers to the downside is Exela Technologies (NASDAQ: XELA ). After announcing a 1-for-200 stock split on Friday, shares of XELA stock plunged more than 40% in today's session, as investors appear to be pricing additional risk into this stock.

Exela Technologies (NASDAQ: XELA ) stock is sinking 8% in early trading after the company carried out a reverse split on Friday after the market close. The shares tumbled 18.3% on Friday to 2.5 cents.

Exela Technologies, Inc. (NASDAQ:XELA ) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Company Participants Vince Kondaveeti - Investor Relations Par Chadha - Executive Chairman Shrikant Sortur - Chief Financial Officer Conference Call Participants Zach Cummins - B. Riley Securities Operator Good morning and welcome to the Exela Technologies Inc. First Quarter 2023 Financial Results Conference Call.

IRVING, Texas, May 10, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, will host a conference call with the financial community to discuss results for the first quarter 2023 at 9:00 a.m. ET on May 11, 2023. Exela will issue a press release reporting its results before the start of the call.

As investors prepare for a sustained bull run in 2022, following a rocky 2022, it's imperative to keep an eye on the market and reevaluate one's portfolio. This involves the identification of the worst stocks to buy now and steering clear of those with red flags and warning signs.

Exela Technologies (NASDAQ: XELA ) stock is getting a boost on Friday as investors react to news of a $48 million contract. According to a press release, this contract is with a large infrastructure operator in Europe.

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