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What's Going On With Ideanomics Stock?

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Ideanomics Inc IDEXΒ shares are buying and selling decrease by 8.8% to $1.92 Monday morning, regardless of a scarcity of company-specific information for the session.

This decline follows the corporate’s current implementation of a 1-for-125 reverse inventory break up. Over the previous month, Ideanomics shares have skilled a major lower, falling roughly 68%.

The reverse inventory break up was initiated primarily to fulfill the minimal bid value requirement of $1.00, a prerequisite for sustaining itemizing on The Nasdaq Capital Market.

This motion had no impression on the par worth of the corporate’s widespread inventory or the approved shares of most well-liked inventory.

In accordance with information from Benzinga Professional, IDEX shares have seen a 52-week excessive of $83.75 and a 52-week low of $1.90.

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