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Ideanomics Inc (IDEX) Outperforms Market, Receives Bearish Rating Wednesday: Is it Time to Sell?

Wednesday, February 28, 2024 02:33 PM | InvestorsObserver Analysts

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Ideanomics Inc (IDEX) Outperforms Market, Receives Bearish Rating Wednesday: Is it Time to Sell?

Ideanomics Inc (IDEX), a player in the Electric Vehicle market, is higher by 0.5% Wednesday as it outperforms the market. Ideanomics Inc (IDEX) stock is down 2.88% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bearish
Ideanomics Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on IDEX!

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. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With IDEX Stock Today?

Ideanomics Inc (IDEX) stock is unchanged 0.5% while the S&P 500 is down -0.25% as of 2:18 PM on Wednesday, Feb 28. IDEX is unchanged $0.00 from the previous closing price of $1.01 on volume of 366,406 shares. Over the past year the S&P 500 has risen 27.20% while IDEX is down -93.76%. IDEX lost -$52.98 per share in the over the last 12 months. To screen for more stocks like Ideanomics Inc click here.

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. Click Here to get the full Stock Report for Ideanomics Inc stock.

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