Ideanomics Inc (IDEX) stock has fallen 6.25% over the past week and gets a Neutral rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With IDEX Stock Today?
Ideanomics Inc (IDEX) stock has fallen -3.23% while the S&P 500 has risen 0.52% as of 3:26 PM on Thursday, Dec 17. IDEX has fallen -$0.06 from the previous closing price of $1.86 on volume of 16,134,824 shares. Over the past year the S&P 500 has risen 16.53% while IDEX has risen 153.52%. IDEX lost -$1.06 per share in the over the last 12 months.
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More About Ideanomics Inc
Ideanomics is a global company that facilitates the adoption of commercial electric vehicles and supports next-generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global (MEG) provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity, as well as, financing and charging solutions a model (S2F2C). Ideanomics Capital provides fintech solutions that include intelligent and innovative financial services and solutions powered by AI and blockchain. Together, MEG and Ideanomics Capital, provide their global customers and partners with more efficient solutions for a greener economy. The company is headquartered in New York, NY, and has offices in Beijing and Qingdao, China.
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