NetworkNewsBreaks – Ideanomics Inc. (NASDAQ: IDE
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Ideanomics (NASDAQ: IDEX) today announced that it will be joining the broad-market Russell 3000(R) Index at the conclusion of the 2021 Russell indexes annual reconstitution, which is expected to take effect after the US market opens on June 28. “Joining the Russell indexes enables Ideanomics to extend its reach into the institutional shareholder community where we believe our story is going to resonate extremely well. Our ability to derive revenues from the EV industry in the short, medium and long-term, sets us apart from many others in the sector, while our fintech group provides consistent results and spotlights our value to shareholders both today and tomorrow,” Ideanomics CEO Alf Poor stated in the news release. “We plan to utilize our inclusion in the Russell indexes as a platform to grow shareholder awareness which, with our team is executing our plans, delivering on commitments, and driving growth across our businesses, helping us stand out as a stock with breakout potential in an otherwise frothy market.”
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