The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Faraday Future Intelligent Electric Inc shares valued at $23,550 were sold by Chen Chad on Nov 25 ’24. At $1.57 per share, Chen Chad sold 15,000 shares. The insider’s holdings dropped to 7,943 shares worth approximately $8657.87 following the completion of this transaction.
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Also, Aydt Matthias 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.
Before that, Aydt Matthias had added 1 shares to its account. In a trade valued at $100, the Global Chief Exec. Officer bought Faraday Future Intelligent Electric Inc shares for $100.00 each. Upon closing the transaction, the insider’s holdings increased to 1 shares, worth approximately $1.09.
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 drop of approximately -7.63%. Over the course of the year, Faraday Future Intelligent Electric Inc shares have dropped approximately -96.07%. Shares of the company reached a 52-week high of $156.0000 on 05/17/24 and a 52-week low of $0.9934 on 11/29/24. A 50-day SMA is recorded $1.6786, while a 200-day SMA reached $8.7650. Nevertheless, trading volume fell to 4.37 million shares from 4.67 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 1.0400, which, if violated, would cause prices to drop to 0.9900. In the upper region, resistance lies at 1.1500. The next price resistance is at 1.2100. RSI (Relative Strength Index) is 35.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0343, which suggests the price will decrease in the coming days. Percent R is at 75.01%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
