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Why Ideanomics Stock Fell Today

TheMotleyFool

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Shares of Ideanomics, Inc. (NASDAQ: IDEX) fell today after the company released its October figures from its Mobile Energy Global (MEG) division and commentary on the full fourth quarter. The company's stock fell by as much as 12% on today's announcement.

As of 1:37 p.m. EST, the company's stock had rebounded a bit and was down 6%.

Ideanomics said today that its MEG division, a provider of electric-fleet vehicles, delivered 102 units in October. Additionally, the company mentioned that 340 units that were invoiced between July through September are still pending expected delivery.

Source Fool.com

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