Faraday Future Intelligent Electric Inc. (FFIE) is seeing a modest uptick in its stock price today, potentially driven by ongoing discussions and speculation among retail investors. The company recently hosted showcases displaying their latest technology, which may be contributing to renewed interest. However, the reception of these showcases remains unclear, as noted by a Reddit user who mentioned, "Over the last few days they’ve had showcases displaying their newest technology, and I’ve yet to find anything on the reception of these showcases."
On Reddit, discussions are mixed, with some users expressing skepticism about the company's leadership and past performance. One user pointed out, "The company was founded and is run by a dude who is banned from trading in China and will be arrested if he ever goes back," highlighting concerns about the company's management. Despite these concerns, others are optimistic about the stock's potential for significant gains, referencing its historical volatility and potential for short squeezes.
FFIE's stock is currently trading at $2.43, up 0.83% from the previous close of $2.41. The stock opened at $2.40 and has reached a high of $2.70 and a low of $2.30 so far today. Despite being just 30 minutes into the trading day, the stock has already seen a substantial volume of 8,994,794 shares traded, representing 60.56% of the average daily volume of 14,853,611 shares, indicating heightened trading activity this morning.