Ideanomics Stock (IDEX) Hit A New All-Time New Today: What's Going On?
Portfolio Pulse from Henry Khederian
Ideanomics Inc's (NASDAQ:IDEX) shares have fallen by 9.7% to $2.10 following the company's recent 1-for-125 reverse stock split. The split was initiated to meet the minimum bid price requirement of $1.00 for maintaining listing on The Nasdaq Capital Market. Over the past month, Ideanomics shares have decreased by approximately 74%.
September 08, 2023 | 6:45 pm
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Ideanomics Inc's shares have fallen by 9.7% following a 1-for-125 reverse stock split. The company's shares have decreased by approximately 74% over the past month.
The company's recent 1-for-125 reverse stock split has led to a decrease in the price of its shares. This, coupled with the overall decrease in the company's shares over the past month, indicates a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100