Why Shares of Ideanomics Popped Today

Chris Neiger, The Motley Fool
·2-min read
Why Shares of Ideanomics Popped Today

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.