Exela Technologies (XELA) Rockets To New Highs: Is $10 On The Way?

The tech sector is often a favorite sector for plenty of investors and at this point, Exela Technologies (NASDAQ: XELA) could be one of the options that could be looked into.

Exela Technologies (XELA) Rockets To New Highs: Is $10 On The Way?

On Tuesday, Exela emerged as one of the major gainers as it soared by 180% following a key announcement from the company. The company announced a new 10-year venture that is going to combine aspects of services, technologies, and SaaS (software as a service) by way of Exela’s PCH Global platform.

It is also necessary to note that the venture is valued at $90 million. The venture in question is going to help with the digital transformation of a well-known health insurance firm in the United States. The announcement from the company proved to be a source of considerable excitement among investors and the Exela stock soared by as high as 180% as a result. It might be a good idea to keep an eye on the stock today.

Emile Ortega

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.