Exela Technologies (XELA) has investors wondering what is next for the stock after it plummeted to a new 52-week low. Texas-headquartered Exela is a global provider of business process automation solutions. It has more than 4,000 customers in diverse industries across over 50 countries. XELA stock has seen heavy selling in 2022, falling 94% year-to-date. The stock dropped more than 4% on August 23, to hit a new 52-week low of $1.11. XELA stock decline came at a time when meme stock investors are getting a reality check. Bed Bath & Beyond (BBBY), GameStop (GME), and AMC Entertainment (AMC) stocks also fell steeply on August 23.
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Exela Technologies (NASDAQ:XELA)
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