What's Going On With Ideanomics (IDEX) Stock?
Portfolio Pulse from Henry Khederian
Ideanomics Inc's shares are trading lower by 7% amid overall market weakness and following a 1-for-125 reverse stock split. The company implemented the reverse stock split to restore compliance with the minimum bid price criterion of $1.00 for maintaining listing on The Nasdaq Capital Market. The stock has fallen 73% over the past month.
September 06, 2023 | 3:49 pm
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Ideanomics Inc's shares are trading lower following a reverse stock split. The stock has fallen 73% over the past month.
The company's shares are trading lower following a reverse stock split, which is often viewed negatively by the market as it indicates a company's struggle to maintain its stock price. Additionally, the stock has been on a downward trend, falling 73% over the past month, which could further discourage investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100