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

Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) Director Chad Chen sold 15,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 7,943 shares in the company, valued at $12,470.51. The trade was 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 at this hyperlink.

Faraday Future Intelligent Electric Price Performance

Faraday Future Intelligent Electric stock opened at $1.23 on Friday. The company’s 50-day moving average price is $2.16 and its two-hundred day moving average price is $11.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.32 and a quick ratio of 0.21. Faraday Future Intelligent Electric Inc. has a twelve month low of $1.20 and a twelve month high of $156.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Faraday Future Intelligent Electric by 10.6% in the third quarter. Victory Capital Management Inc. now owns 62,638 shares of the company’s stock valued at $180,000 after acquiring an additional 5,983 shares during the period. Wealthspire Advisors LLC acquired a new position in shares of Faraday Future Intelligent Electric during the 2nd quarter worth approximately $25,000. Marathon Trading Investment Management LLC bought a new position in shares of Faraday Future Intelligent Electric during the second quarter worth approximately $102,000. Busey Bank acquired a new stake in shares of Faraday Future Intelligent Electric in the second quarter valued at approximately $252,000. Finally, SG Americas Securities LLC acquired a new stake in Faraday Future Intelligent Electric during the second quarter worth approximately $420,000. 71.74% of the stock is owned by institutional investors and hedge funds.

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.