Exela Technologies (NASDAQ:XELAP) Stock Price Down 6.8% – Here’s Why

Exela Technologies, Inc. (NASDAQ:XELAPGet Free Report) dropped 6.8% on Friday . The stock traded as low as $0.21 and last traded at $0.21. Approximately 2,002 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 9,419 shares. The stock had previously closed at $0.22.

Exela Technologies Trading Down 6.8 %

The stock has a 50 day moving average of $0.33 and a 200-day moving average of $0.68.

Institutional Trading of Exela Technologies

An institutional investor recently bought a new position in Exela Technologies stock. StoneX Group Inc. acquired a new position in Exela Technologies, Inc. (NASDAQ:XELAPFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 107,816 shares of the company’s stock, valued at approximately $39,000.

About Exela Technologies

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Exela Technologies, Inc provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. It operates in three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS).

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