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Thursday, May 19, 2022

Why Is Ideanomics (IDEX) Stock Increasing Pre-Market Today?

Ideanomics Inc. (IDEX) is rising on the charts today, up 5.77% to trade at $1.1 at last check in premarket trading. On Tuesday, shares in Ideanomics (IDEX) rise 9.46% to close the day at $1.04. The volume of shares traded was 8.07 million, which is higher than the average volume over the last three months of 6.44 million.

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During the trading session, the stock oscillated between $0.9502 and $1.04. The company had an earnings per share ratio of -0.33. The stock’s 50-day moving average of $0.9814 is above the 200-day moving average of $1.7781. Moreover, the stock is currently trading at RSI of 56.26. IDEX stock is surging following an asset acquisition move.

Which resource does IDEX have bought?

Ideanomics (IDEX) is a worldwide gathering with a basic mission: to speed up the business reception of electric vehicles. By uniting vehicles and accusing innovation of plan, execution, and monetary administrations, IDEX gives the fulfillment of arrangements required for the business world to focus on an EV future.

Ideanomics (IDEX) declared that it has concluded its larger part proprietorship stake of an Italian producer and merchant of superior execution, 100 percent battery-controlled electric bikes, Energica Motor Company S.p.A. (Energica).

Ideanomics will have an Analyst and Investor Day in addition to EV item grandstand on Monday, April 11, 2022, at the NASDAQ MarketSite in New York City to talk about securing, the high-development two-wheel market and collaboration that Energica brings to Ideanomics and its working organizations.

Transaction Details

  • IDEX has procured a 70% proprietorship stake in Energica.
  • On March 7, 2022, Ideanomics got 93.63% of the public float of Energica’s portions.
  • Because of IDEX’s effective delicate proposition, Energica is presently delisted from Borsa Italiana, the Italian Stock Exchange, and is currently exclusively exchanging as a component of Ideanomics on the NASDAQ.
  • Since IDEX originally declared its aim to procure Energica last September, the organization has kept on seeing development and extension across the U.S.
  • By facilitating its interest in Energica, IDEX is extending its contributions in the versatility area when electric bikes are assuming control over the market in a really thrilling way.
  • Ideanomics paid 3.2 Euros per share in the all-cash exchange.

What IDEX is arranging further?

With this securing, Ideanomics (IDEX) plans to speed up Energica’s go-to-showcase model, put resources into new items, and upgrade its appropriation capacities with the objective of multiplying its U.S. vendor network before the finish of 2022. The expansion of more approved Energica sellers and other retail focuses in the U.S. will assist IDEX with driving purchaser brand mindfulness and increment piece of the pie for the most exceptional zero-emanation bikes available.

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