Jump to content

XELA Stock


Recommended Posts

Hi all, 

I need some advice on what has happened with Exela Technologies (XELA)

I owned 222 pt with an average of 55 cents on this trade. It opened at 70 cent and started to fall. I had 4 positions open on my spreadbet account so naturally, I closed my lower positions for profit, with the intention of buying back in at around the 70 cent mark again with my new profits. Currently still have 70 pt position available too. To my horror, the stock is only available to sell now. I phoned up IG Trader and spoke to 3 different people. One colleague told me that the stock has been closed for buys due to a corporate action currently taking place. Another told me that it has been delisted due to a lower marker cap and won't be available again. Then the last person I spoke with informed me it has been temporarily closed for trade due to the actions being taken with the stock. It is very confusing, as I would not have sold anything had I know this would be the case moving forward. 

 

Has anybody had the same issue with this stock? Even better, does anyone know when or if the platform will be reopening the stock to trade again? 

 

As you would imagine I'm heartbroken as this was something I have dedicated a lot of time and effort into trading and now I only have 1/3 of my position available to me! 

 

Any information would be welcome at this stage!

 

Many thanks, 

 

David.

Screenshot_20220127-171213_IG Trading.jpg

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,275
    • Total Posts
      90,900
    • Total Members
      41,388
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    ibinabo
    Joined 06/02/23 13:13
  • Posts

    • Charting the Markets - February 6, 2023 FTSE 100, DAX and S&P 500 tiptoe lower following strong US jobs report. EUR/USD and GBP/USD are topping out while EUR/GBP rallies. And gold, Brent crude, and natural gas head lower, as payrolls strengthen the dollar.                         This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
    • Natural gas has been in a consistent downtrend over recent months, and Joshua Mahony expects to see this decline continue. Josh therefore favours a short position, with a stop-loss at 2630 and target of 2232. He also looks back at the recent EUR/USD, USD/JPY, aluminium, and USD/CAD trades. Joshua Mahony | Senior Market Analyst, London | Publication date: Monday 06 February 2023           
    • What do we now know about the economic outlook given the meetings this week at the Federal Reserve (Fed), Bank of England (BoE) and European Central Bank (ECB)? IGTV’s Jeremy Naylor caught up with foreign exchange analyst Richard Snow, from Daily FX, who discussed the potential continuation of the long EUR/USD trade. Jeremy Naylor | Writer, London | Publication date: Friday 03 February 2023   
×
×
  • Create New...