Ideanomics (NASDAQ:IDEX) Stock Attempts To Rebound After The Recent Fall
Ideanomics (NASDAQ:IDEX) was up 3% on Friday after its Capital division announced the launch of its new brand, JUSTLY Markets LLC.
Market Stats
On Friday, IDEX stock gained 2.60% at $1.99 with more than 7.79 million shares, compared to its average volume of 8.77 million shares. The stock has moved within a range of $1.9500 – 2.0200 after opening trading at $1.98.
Major News
JUSTLY is a FINRA and US SEC-registered investing broker-dealer who assists advisors and investors in accessing environmental, social, and governance (ESG) investments. Previously known as Delaware Board of Trade, JUSTLY plans to offer a unique crowdfunding private impact investments equity platform to registered investment advisors, angels, family offices as well as non-accredited and accredited investors across income levels. In addition, JUSTLY will provide founders an avid community of supporters and angel investors committed to ESG-focused initiatives and companies.
CEO of Ideanomics Alf Poor said that JUSTLY is an indication of the company’s rapid growth and approach to advance ways socially conscious companies and investors fundraise and invest. Poor added that the platform underscores the company’s commitment to sustainability, transparency, and the ESG movement that is gaining traction globally. Therefore, in the coming months, IDEX is worth keeping an eye on.
Key Quote
“JUSTLY is reflective of our rapid growth and our approach to advance how our socially conscious investors and companies invest and fundraise,” said Alf Poor, chief executive officer of Ideanomics. “It underscores our commitment to transparency, sustainability, and the ESG movement that’s sweeping the globe, focused solely on helping people find socially responsible ways of investing in companies that share their same values. Going forward, we aim to grow our platform significantly through investors and founders, and the companies who currently feel passionately and want to act on their civic responsibility to better our planet. I am pleased to welcome Paul to the Ideanomics team as the CEO of JUSTLY and want to congratulate them on the powerful and compelling new branding work.”
Traders Corner
IDEX stock is trading below the 200-Day and 50-Day Moving averages of $2.70 and $2.02 respectively. However, the stock is trading above the 20-Day moving average of $1.97. The stock is down 17% in the past 3- month.
