Geode Capital Management LLC lessened its stake in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE - Free Report) by 80.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,101 shares of the company's stock after selling 515,969 shares during the quarter. Geode Capital Management LLC owned 1.02% of Faraday Future Intelligent Electric worth $362,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of FFIE. Victory Capital Management Inc. increased its position in shares of Faraday Future Intelligent Electric by 10.6% during the third quarter. Victory Capital Management Inc. now owns 62,638 shares of the company's stock worth $180,000 after acquiring an additional 5,983 shares during the last quarter. Wealthspire Advisors LLC purchased a new position in shares of Faraday Future Intelligent Electric during the 2nd quarter valued at approximately $25,000. Finally, Marathon Trading Investment Management LLC bought a new stake in shares of Faraday Future Intelligent Electric in the second quarter worth $102,000. Hedge funds and other institutional investors own 71.74% of the company's stock.
Faraday Future Intelligent Electric Trading Down 8.3 %
Shares of FFIE stock traded down $0.13 during trading hours on Monday, reaching $1.43. The stock had a trading volume of 20,140,248 shares, compared to its average volume of 36,272,629. The firm has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $5.60. Faraday Future Intelligent Electric Inc. has a twelve month low of $0.99 and a twelve month high of $156.00. The company has a quick ratio of 0.21, a current ratio of 0.32 and a debt-to-equity ratio of 0.20.
About Faraday Future Intelligent Electric
(
Free Report)
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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