Loading...
Loading...
Browse all stories on DeepNewz
VisitFaraday Future Shares Surge 4,100% This Week, Reach $1.50 Amid Delisting Concerns
May 16, 2024, 02:02 PM
Shares of Faraday Future Intelligent Electric Inc. (FFIE) have surged dramatically, experiencing a 4,100% increase this week. The stock, which was trading at $0.04, has now reached $1.50, marking a 3,600% return. This surge follows the purchase of $10 million worth of shares by the company's CEO, who was previously thought to be leading a company on the brink of bankruptcy. The CEO's investment has significantly boosted market confidence, resulting in a massive spike in call buying and short covering. FFIE saw a 367.54% gain on one day and a 3,700% spike in call buying, with the stock up almost 2000% within 24 hours. Despite the impressive gains, there are concerns about the stock being delisted.
View original story
Markets
No • 50%
Yes • 50%
Company financial disclosures and SEC filings
Yes • 50%
No • 50%
NASDAQ official listing status
Yes • 50%
No • 50%
NASDAQ stock price tracking
Increases • 33%
Decreases • 33%
Remains the same • 33%
Company financial disclosures and SEC filings
$500 million to $1 billion • 25%
$1 billion to $2 billion • 25%
Under $500 million • 25%
Above $2 billion • 25%
Market data and financial reports
$1.00 to $1.50 • 25%
Below $0.50 • 25%
Above $1.50 • 25%
$0.50 to $1.00 • 25%
NASDAQ stock price tracking