Ideanomics shares are trading higher. After the close on Friday, the company said its board opted to discontinue operations of one of its subsidiaries.
Portfolio Pulse from Benzinga Newsdesk
Ideanomics announced that its board has decided to discontinue operations of one of its subsidiaries, leading to a rise in its share price.
June 20, 2023 | 4:19 pm
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Ideanomics shares are trading higher after the company's board decided to discontinue operations of one of its subsidiaries.
The decision to discontinue operations of a subsidiary indicates that the company is focusing on its core business and cutting costs. This move is seen as positive by investors, leading to a rise in the share price of Ideanomics (IDEX).
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