What's Going On With Faraday Future Intelligent Electric (FFIE) Stock?

Faraday Future Intelligent Electric, Inc. FFIE shares are volatile Monday. The company effected a 1-for-80 reverse stock split at 5:00 p.m. ET on Friday.

What To Know:

Faraday Future Intelligent Electric shares began trading on a reverse-split basis on Monday. The stock is moving on heavy trading volume with more than 3.1 million shares traded, according to Benzinga Pro.

FFIE shares are currently down 14%, but have rebounded from an intraday low when they traded down more than 25%. 

FFIE shares have grabbed the attention of retail investors and the stock is among the top trending tickers on Stocktwits and Yahoo! Finance.

According to Benzinga Pro, 20.19% of available shares are currently being sold short.

Faraday Future Intelligent Electric Inc. designs and engineers intelligent and connected EVs. The company's technologies include its Variable Platform Architecture (VPA), propulsion system and Internet, Autonomous Driving and Intelligence (I.A.I.) system.

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FFIE Price Action: According to Benzinga Pro, Faraday Future Intelligent Electric shares are down 15% at $10.48 at the time of publication.

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