Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Get Free Report) was the target of some unusual options trading on Friday. Stock traders purchased 33,674 call options on the company. This is an increase of approximately 186% compared to the average volume of 11,758 call options.
Institutional Investors Weigh In On Faraday Future Intelligent Electric
Several institutional investors have recently made changes to their positions in the stock. Wealthspire Advisors LLC acquired a new position in shares of Faraday Future Intelligent Electric during the 2nd quarter worth $25,000. Victory Capital Management Inc. acquired a new position in Faraday Future Intelligent Electric during the second quarter worth about $29,000. Finally, Marathon Trading Investment Management LLC acquired a new position in Faraday Future Intelligent Electric during the second quarter worth about $102,000. 71.74% of the stock is currently owned by hedge funds and other institutional investors.
Faraday Future Intelligent Electric Stock Up 33.3 %
NASDAQ FFIE traded up $0.44 during trading hours on Friday, hitting $1.76. 29,632,434 shares of the stock were exchanged, compared to its average volume of 5,479,398. Faraday Future Intelligent Electric has a 12-month low of $0.99 and a 12-month high of $156.00. The stock has a 50-day moving average of $1.50 and a 200 day moving average of $6.85. The company has a current ratio of 0.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.20.
About Faraday Future Intelligent Electric
(
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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.
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