Why Ideanomics Stock Is Crashing Today

Chris Neiger, The Motley Fool
·2-min read
Why Ideanomics Stock Is Crashing Today

Shares of Ideanomics, Inc. (NASDAQ: IDEX) are tumbling today as some investors are likely cashing in on the gains the technology stock made in November. Ideanomics' stock skyrocketed 239.5% in November, with some of the most recent gains coming after the company announced that it was investing more money in the electric-tractor company Solectrac. Ideanomics has seen similar share-price gains and subsequent falls earlier this year.