Exela Technologies (XELA) Stock: Why The Price Increased Today

By Amit Chowdhry ● Nov 24, 2021
  • The stock price of Exela Technologies Inc (NASDAQ: XELA) slightly increased pre-market today. This is why it happened.

The stock price of Exela Technologies Inc (NASDAQ: XELA) slightly increased pre-market today. Investors are responding positively to Exela Technologies announcing it has been selected by the UK’s National Health Service London Procurement Partnership as a potential supplier.

There were 46 companies that were chosen across a spectrum of services while Exela was chosen for bulk scanning, contact center/help desk and digital mailroom. And the Digital Document Solutions Framework is a four-year contract and has a potential total value of £5 billion or ~$7 billion across all suppliers.

KEY QUOTE:

“Every UK citizen can benefit from an improved healthcare system and we are excited to be part of this progress. We are proud to be chosen by the Procurement Partnership to provide our solutions. We look forward to the opportunity to work with an organization with a focus on improving speed and access to data in a secure manner.”

— President of Exela Vitale Robu

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.