What's Going On With Ideanomics Stock?
Portfolio Pulse from Henry Khederian
Ideanomics Inc's shares are trading lower by 8.8% to $1.92, following the company's recent implementation of a 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 fallen approximately 68%.
September 18, 2023 | 3:39 pm
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Ideanomics Inc's shares have fallen significantly following a reverse stock split. The company's shares are currently trading lower by 8.8%.
The company's recent implementation of a reverse stock split, which was initiated to meet the minimum bid price requirement for maintaining listing on The Nasdaq Capital Market, has led to a significant decrease in the company's share price. Over the past month, the shares have fallen approximately 68%.
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