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The Latest Developments in Ideanomics (IDEX) Stock

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Shares of Ideanomics Inc, trading under the ticker symbol IDEX on the NASDAQ, are experiencing a 7% decline to $2.59 on Wednesday. This downward momentum is influenced by the overall market weakness. In the past month, the stock price has dropped by 73%.

Ideanomics has recently implemented a 1-for-125 reverse stock split to restore compliance with the minimum bid price requirement of $1.00 and maintain its listing on The Nasdaq Capital Market.

Notably, this reverse stock split has no impact on the par value of Ideanomics’ common stock or the authorized shares of preferred stock.

As highlighted by data from Benzinga Pro, IDEX has reached a 52-week high of $83.75 and a 52-week low of $2.50.

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