Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Faraday Future Intelligent Electric Inc shares valued at $100 were purchased by Aydt Matthias on Dec 21 ’23. At $100.00 per share, Aydt Matthias acquired 1 shares. The insider’s holdings grew to 1 shares worth approximately $0.1 following the completion of this transaction.
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Also, Chen Xuefeng purchased 1 shares, netting a total of over 100 in proceeds. Following the buying of shares at $100.00 each, the insider now holds 1 shares.
As published in a research note from The Benchmark Company on August 16, 2022, Faraday Future Intelligent Electric Inc [FFIE] has been rated down from a Buy to a Hold. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of August 17, 2021, Wedbush has initiated its “an Outperform” rating for FFIE.
Analyzing FFIE Stock Performance
During the last five days, there has been a surge of approximately 4.04%. Over the course of the year, Faraday Future Intelligent Electric Inc shares have dropped approximately -86.26%. Shares of the company reached a 52-week high of $0.7416 on 01/02/24 and a 52-week low of $0.0860 on 03/20/24. A 50-day SMA is recorded $0.2506, while a 200-day SMA reached $19.0990. Nevertheless, trading volume fell to 19.13 million shares from 24.04 million shares the previous day.
Support And Resistance Levels for Faraday Future Intelligent Electric Inc (FFIE)
According to the 24-hour chart, there is a support level at 0.0872, which, if violated, would cause prices to drop to 0.0791. In the upper region, resistance lies at 0.1036. The next price resistance is at 0.1119. RSI (Relative Strength Index) is 33.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0069, which suggests the price will decrease in the coming days. Percent R is at 89.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Faraday Future Intelligent Electric Inc subject to short interest?
Stocks of Faraday Future Intelligent Electric Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 2.35 million shares to 13.89 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 11.54 million shares. A jump of 16.92% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.46 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.46.
