GME - What's Going On With Faraday Future Intelligent Electric Stock? | Benzinga
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares are racing higher Thursday. The stock is up more than 3000% over the past five days amid the recent meme stock rally.
What To Know:
Faraday Future shares opened for trading Monday at 4 cents per share, and the stock has climbed more than 3000% in the last 4 sessions.
Faraday Future appears to have benefited from the recent "meme stock" rally which saw heavily-shorted stocks gaining amid a retail-fueled rally in GameStop Corporation (NYSE:GME) and AMC Entertainment Holdings, Inc. (NYSE:AMC).
According to data from Benzinga Pro, a remarkable 85.71% of available shares are being sold short which can contribute to large price movements when combined with heavy trading volume. At ...