Why Ideanomics Stock Is Skyrocketing Today
Shares of Ideanomics (NASDAQ: IDEX) are soaring today after the company announced that it's investing more money into the electric tractor company Solectrac.
The tech stock was up by an eye-popping 87% early today, and settled to a 57.1% gain as of 11:32 a.m. EST.
Ideanomics said in a press release today that the company is making an additional $1.3 million investment in Solectrac. This investment comes on the heels of an initial investment that Ideanomics made in the company at the end of October.
Source Fool.com
