Insider Selling: Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Director Sells $23,550.00 in 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 completion of the sale, the director now owns 7,943 shares in the company, valued at $12,470.51. This represents a 65.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Faraday Future Intelligent Electric Price Performance

FFIE opened at $1.23 on Friday. The firm’s fifty day moving average is $2.16 and its two-hundred day moving average is $11.68. Faraday Future Intelligent Electric Inc. has a twelve month low of $1.20 and a twelve 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.

Institutional Inflows and Outflows

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

About Faraday Future Intelligent Electric

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.