GME - Faraday Future Basking In The Glory Of GameStops AMC? Here's What EV Maker's 100% Jump In Pre-Market Indicates | Benzinga
Palantir-backed Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) might be seeing some rays of hope as the struggling EV maker registered over 100% jump on Wednesday’s pre-market. At the time of writing the article, FFIE was trading at $0.6309, according to Benzinga Pro.
What Happened: Shares of electric vehicle manufacturer Faraday Future soared by over 300% on Tuesday, despite looming delisting threats from the Nasdaq.
The company was served a delisting notice from Nasdaq on Apr. 24, after its share prices remained below $0.10 for ten consecutive days.
Previously, Nasdaq had cautioned Faraday Future about bid price non-compliance in late December and was given until June 25, 2024, to regain compliance with the Minimum Bid Price Requirement. The company was ...