Faraday Future Intelligent Electric Inc’s recent filing unveils that its Global Chief Exec. Officer Aydt Matthias acquired Company’s shares for reported $100.0 on Jun 21 ’24. In the deal valued at $100.00 per share,1 shares were bought. As a result of this transaction, Aydt Matthias now holds 1 shares worth roughly $2.79.
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Then, Aydt Matthias bought 1 shares, generating $100 in total proceeds. Upon buying the shares at $100.00, the Global Chief Exec. Officer now owns 1 shares.
The Benchmark Company downgraded its Faraday Future Intelligent Electric Inc [FFIE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Neutral”. Wedbush began covering FFIE with “an Outperform” recommendation on August 17, 2021.
Price Performance Review of FFIE
On Tuesday, Faraday Future Intelligent Electric Inc [NASDAQ:FFIE] saw its stock fall -2.79% to $2.79. Over the last five days, the stock has lost -5.10%. Faraday Future Intelligent Electric Inc shares have fallen nearly -89.93% since the year began. Nevertheless, the stocks have fallen -98.25% over the past one year. While a 52-week high of $210.00 was reached on 05/17/24, a 52-week low of $1.52 was recorded on 04/29/24. SMA at 50 days reached $6.79, while 200 days put it at $13.40.
Levels Of Support And Resistance For FFIE Stock
The 24-hour chart illustrates a support level at 2.69, which if violated will result in even more drops to 2.59. On the upside, there is a resistance level at 2.90. A further resistance level may holdings at 3.00. The Relative Strength Index (RSI) on the 14-day chart is 34.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.96%. Stochastics %K at 6.72% indicates the stock is a buying.
How much short interest is there in Faraday Future Intelligent Electric Inc?
A steep rise in short interest was recorded in Faraday Future Intelligent Electric Inc stocks on 2024-09-13, growing by 2.13 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.4 million shares. There was a rise of 60.4%, which implies that there is a positive sentiment for the stock.
