What's Going On With Faraday Future Intelligent Electric (FFIE) Stock?
Portfolio Pulse from Erica Kollmann
Faraday Future Intelligent Electric, Inc. (NASDAQ:FFIE) shares are experiencing volatility following a 1-for-80 reverse stock split. The stock began trading on a reverse-split basis on Monday, with over 3.1 million shares traded. Despite a 14% drop, the stock has rebounded from an intraday low of over 25%. FFIE shares have attracted retail investors and are among the top trending tickers on Stocktwits and Yahoo! Finance. Currently, 20.19% of available shares are being sold short.
August 28, 2023 | 5:29 pm
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FFIE shares are experiencing volatility following a 1-for-80 reverse stock split. The stock has attracted retail investors and is among the top trending tickers. Currently, 20.19% of available shares are being sold short.
The reverse stock split has led to increased trading volume and volatility in FFIE shares. The stock has attracted attention from retail investors, which could lead to further price fluctuations. The fact that 20.19% of available shares are being sold short indicates a bearish sentiment among investors, which could put downward pressure on the stock price in the short term.
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