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Why Shares of Ideanomics Popped Today

TheMotleyFool

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Ideanomics (NASDAQ: IDEX) stock plummeted by as much as 18% today but recovered later in the day, gaining 5.9% as of 3:18 p.m. EST.

The tech stock may have experienced a wild share price swing today after the company announced that its subsidiary, Tree Technologies, hired a new chief financial officer.

Most companies don't usually experience such big share price movements because of new management, but Ideanomics' stock tends to react wildly to company-related news -- whether it's significant or not.

Source Fool.com

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