Chad Chen Sells 15,000 Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Stock

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Director Chad Chen sold 15,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $1.57, for a total transaction of $23,550.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at $12,470.51. This trade represents a 65.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Faraday Future Intelligent Electric Price Performance

Shares of FFIE traded down $0.08 on Tuesday, reaching $1.34. 6,487,996 shares of the company’s stock were exchanged, compared to its average volume of 5,266,598. Faraday Future Intelligent Electric Inc. has a 12 month low of $1.20 and a 12 month high of $156.00. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $2.26 and a two-hundred day moving average price of $11.76.

Hedge Funds Weigh In On Faraday Future Intelligent Electric

Several hedge funds have recently added to or reduced their stakes in FFIE. Wealthspire Advisors LLC acquired a new position in Faraday Future Intelligent Electric in the second quarter valued at about $25,000. Victory Capital Management Inc. bought a new position in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at about $29,000. Marathon Trading Investment Management LLC acquired a new position in shares of Faraday Future Intelligent Electric in the 2nd quarter valued at approximately $102,000. Busey Bank bought a new stake in Faraday Future Intelligent Electric during the 2nd quarter worth approximately $252,000. Finally, SG Americas Securities LLC acquired a new stake in Faraday Future Intelligent Electric during the 2nd quarter worth approximately $420,000. Institutional investors and hedge funds own 71.74% of the company’s stock.

Faraday Future Intelligent Electric Company Profile

Faraday Future Intelligent Electric Inc engages in the design, development, manufacture, engineering, sale, and distribution of electric vehicles and related products in the United States. The company was incorporated in 2014 and is headquartered in Los Angeles, California.