Retail Interest for XELA Stock Skyrockets Due to Acquisition Bid

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Retail Interest for XELA Stock Skyrockets Due to Acquisition Bid

Jack Dalton

9:43 AM

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Image credit: Louis Reed

Why is Social Sentiment Important? and Where Can You Track it?

As we have seen over the past couple of years, there were a good handful of "Social Sentiment Stocks" like GME and AMC that skyrocketed based almost solely on social sentiment. As a result of this, many people have started to pay attention to the social sentiment behind stocks.

Out of the several Exela Technologies, Inc. (XELA) stock discussions available to for investors to share their opinions and discuss their favorite stocks, there are 2 stock discussion forums that influence XELA's social sentiment more than any others. These 2 stock discussion forums include XELA Stocktwits and XELA Twitter.

The Utradea Social Sentiment Dashboard allows you to track real-time trends and insights for Exela Technologies, Inc. discussions and Exela Technologies, Inc. conversations.

XELA Stocktwits Sentiment Up on Acquisition News

Here are the latest analytics from the XELA Stocktwits forum (over the last 24hrs):

  • 2,537 Posts (up 80.96% day over day)
  • 3,355 Likes (up 55.61% day over day)
  • 1.02M Impressions (up 95.72% day over day)

News just broke that XELA confirmed that they received a proposal to acquire a $200M revenue business unit within Exela. Not much is known about the acquisition offer or who this offer is coming from, however, we just know that there is an active offer to acquire a portion of Exela's business. This news piqued the interest of investors and got them chatting in the XELA Stocktwits forum. As a result, XELA's Stocktwits sentiment is up sizeably across the board. This increase in interest can help the XELA stock move, especially when/if new information about this acquisition bid comes out.

XELA Twitter Community Explodes

Here are the latest analytics from the XELA Twitter community (over the last 24hrs):

  • 390 Tweets (up 93.07% day over day)
  • 7,020 Likes (up 1,363% day over day)
  • 1.58M Impressions (up 199.74% day over day)

The XELA Twitter community experienced a larger increase in each measure of their social sentiment. This large increase in sentiment within the XELA Twitter community stems from the acquisition news that was previously stated.

I find it very impressive that the XELA Twitter community is able to generate 50% more impressions than the XELA Stocktwits community despite them only having 390 posts (compared to 2,500+ in the XELA Stocktwits). This is due to the fact that there are large Twitter accounts that have been posting about XELA since the acquisition news broke.

XELA Twitter Accounts that Influence Social Sentiment

Here is a count of “whale” accounts that are active on XELA Twitter (over the past 72 hrs):

  • 24 somewhat large Twitter accounts 10,000+ followers,
  • 2 large Twitter accounts with 100k+ followers
  • 1 very large account with 500k+ followers

These whale accounts are able to draw in a very large amount of impressions for the XELA stock. This can in turn help the XELA stock move quicker once more news is posted/released (as there will be more eyes on it and potentially more XELA stock trading).

Final Thoughts: XELA Forums and Discussion Boards

Overall, investors are very active on the XELA Stocktwits and XELA Twitter Forum. Being able to quickly gain insights into a stock's social sentiment has proven to be beneficial for modern investors. We suggest getting familiar with the Utradea Social Sentiment Dashboard, as it is a quick way to stay up-to-date with social sentiment across a wide variety of stocks.

Next Article

XELA's Social Sentiment Mixed on High Pre-Market Trading Volumes

Jack Dalton

5:56 AM

Jul 07 2022 (Thu)

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