What's Going On With Ideanomics (IDEX) Stock Tuesday?
Portfolio Pulse from Erica Kollmann
Ideanomics (IDEX) shares surged 50% on Tuesday, with over 366 million shares traded, far exceeding its average daily volume of 73.85 million shares. The company recently transferred its partnership interest in the Minority Depository Institution Keepers Fund (MDI Fund) to Uber Technologies, Inc.
June 13, 2023 | 4:35 pm
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Ideanomics (IDEX) stock surges 50% on high volume after transferring its partnership interest in the MDI Fund to Uber Technologies.
The surge in Ideanomics (IDEX) stock is likely due to the recent transfer of its partnership interest in the MDI Fund to Uber Technologies. This news has generated significant trading volume, far exceeding the average daily volume, and has led to a 50% increase in the stock price.
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