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Why Ideanomics Stock Is Trading Higher Today

Tanzeel Akhtar

Ideanomics Inc (NASDAQ: IDEX) shares are trading higher on Tuesday, after the company reported it sold $33 million worth of vehicles out of the Mobile Energy Global Expo Center in May.

Ideanomics is a global company focused on facilitating the adoption of commercial electric vehicles and developing next-generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity as well as financing and charging solutions.

Ideanomics Capital includes DBOT ATS and Intelligenta which provide financial services solutions powered by AI and blockchain.

Ideanomics shares are trading up 47.56% at 91 cents at time of publication on Tuesday. The stock has a 52-week high of $2.84 and a 52-week low of 28 cents.

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