FFIE - What's Going On With Faraday Future's Stock Friday? | Benzinga
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) shares closed lower on Friday, reversing from earlier gains. Here's a look at what's going on.
The Details:
Faraday Future's stock saw massive price moves related to the retail-fueled meme stock rally which saw heavily-shorted stocks gaining alongside GameStop and AMC Entertainment shares. The stock was up more than 8000% over the past week and reached an intraday high of $3.90 Friday before reversing.
Faraday Future shares are moving on heavy trading volume Friday with more than 1.2 billion shares changing hands. According to data from Benzinga Pro, the stock’s 100-day average volume is 103.556 million shares and 85.71% of shares are being sold short.
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