Published on 21 Jan 2022 on Market Watch
Exela Technologies Inc. stock underperforms Friday when compared to competitors
Shares of Exela Technologies Inc. plunged 11.97% to $0.40 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.89% to 4,397.94 and Dow Jones Industrial Average falling 1.30% to 34,265.37. This was the stock's 13th consecutive day of losses. Exela Technologies Inc. closed $7.42 short of its 52-week high ($7.82), which the company achieved on March 10th.
The stock underperformed when compared to some of its competitors Friday, as AudioEye Inc. fell 3.72% to $5.70, Conduent Inc. fell 1.95% to $5.02, and Salesforce.com Inc. fell 1.93% to $218.63. Trading volume (30.2 M) eclipsed its 50-day average volume of 17.7 M.