Published on 5 Jan 2022 on Market Watch
Exela Technologies Inc. stock underperforms Wednesday when compared to competitors
Shares of Exela Technologies Inc. plunged 10.94% to $0.74 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.94% to 4,700.58 and Dow Jones Industrial Average falling 1.07% to 36,407.11. This was the stock's second consecutive day of losses. Exela Technologies Inc. closed $7.08 below its 52-week high ($7.82), which the company achieved on March 10th.
The stock underperformed when compared to some of its competitors Wednesday, as AudioEye Inc. fell 8.08% to $6.60, Conduent Inc. rose 3.85% to $6.20, and Salesforce.com Inc. fell 8.28% to $227.67. Trading volume (17.8 M) remained 894,295 below its 50-day average volume of 18.7 M.