Exela Technologies leads retail rally in volume surge

Marin Software

30/06/2021 12:14

** Shares of the business process automation company
 XELA.O  surge 53.00% to $3.58 premarket, with volume of over
14.6 mln shares - most actively traded across exchanges 
    ** Exela Technologies joins a rally of other so-called "meme
stocks" that are popular on social media among retail investors,
seeing some of the highest trading volumes on U.S. exchanges 
    ** Shares of XELA traded largely in a narrow range until
late Tuesday, surging 59% with more than 348 million shares
traded
    ** The company also said on Wednesday that it is expanding
its Digital Mailroom (DMR) platform for online signups for small
and medium businesses in the UK  urn:newsml:reuters.com:*:nGNX3qrkp5
    ** Marin Software Inc  MRIN.O , with 691.31k shares traded
premarket, has been a recent favorite among retail investors but
the stock rally showed signs of cooling as MRIN shares tumbled
22.3% 
    ** XELA was on the top 10 customer orders for retail
investors as off Tuesday, according to data aggregated by
Fidelity Brokerage Services LLC 
    ** Another small cap software stock Borqs Technologies Inc
 BRQS.O , was the second most actively traded, with 7.4 mln
shares changing hands and a 35.7% jump 

 (Reporting by Shreyashi Sanyal)
 ((Shreyashi.Sanyal@thomsonreuters.com))