Ideanomics Inc (IDEX)

[esb1015]

That would only be true if the MM was sitting at the bid to buy a large abount of shares. The purpose of the MM is to provide liquidity at the bid & ask, not sit on the bid and absord 5 times the normal trading volume in order to hold the price at $5. Someone is buying this stock and its not only the MM. Don't forget the MM can also be the one selling large amounts as the buy orders come in. This game works both ways, its not always negative.