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🎁 Maple Market Challenge 9: Faraday Future surged over 120%, are you optimistic about the Future?
Hi, mooers!
Like always, let's reveal the answer to last week's quiz: At what price per share is Scotiabank acquiring the stake in KeyCorp? The answer is $17.17.
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A big round of applause to those who got it right! Each of you will receive 20 points. Plus, we're giving 50 points to everyone who left a comment. Well done, everyone! A private message with more details has been sent to you.
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Now, brace yourselves for today's quiz!
$Faraday Future Intelligent Electric Inc. (FFIE.US)$ has been halted multiple times for volatility and surged by 123.96% at Thursday's closing. The shares commenced trading on a split-adjusted basis on Monday after a 1-for-40 reverse stock split, potentially adding to the volatility. Beyond the split and retail interest, another potential driver for the company could be the upcoming event on Sept. 19, where Faraday Future will unveil details about its second automotive brand during the launch event for its China-U.S. Automotive Bridge Strategy. While Faraday Future's shares surged by more than 140% during the week, the stock still shows a year-to-date decline of over 60% in 2024.
1. How do you view the prospects of Faraday Future? Is FFIE still a good buy now?
2. Do you know any Canadian stocks that fit the mantra of a meme stock?
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Share your market smarts in the comment area to earn 50 points!
Stick around for the reveal of the answers and to celebrate our winners. Good luck to everyone!![]()
Stick around for the reveal of the answers and to celebrate our winners. Good luck to everyone!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
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Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
mr_cashcow : 1. For now meme stock seems to be taking a break but if roaring kitty makes any moves it may fly again![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
2. Some potential meme Canada stocks: $BlackBerry Ltd (BB.CA)$ & $Tilray Brands Inc (TLRY.CA)$
ChengHoe : frankly speaking I am not look good on Faraday future. the electric car market is too challenging. and Faraday seem like not perform effective compared to other car maker
WanEH : I'm a bit worry about the future of Faraday. Their product were launched slowly and always not meet the schedule planned. They can't even breakeven after so many years but keep burning the capital. no look good to future of Faraday
LCS168 : no look good to Faraday. Even Tesla and other car maker also facing the competition from each other. Faraday financial and fundamental status is poor compare to other. Their car selling quantity also low and can't lower the cost. better avoid it.
Matt Infinity Afan : demand for EV has been slightly declining. with competitors like Tesla the question for Faraday is "How far will it go?"
geotrades : Allways watching FFIE
爱画画的玲 : No new technology
john song : no
djdjs : I have some concerns about the future of Faraday. Their product release progress is slow and always unable to proceed as planned. After many years, they haven't even been able to achieve break-even and continue to burn capital. The future of Faraday doesn't look good.
tutu123 : The demand for electric cars has declined. With competitors like Tesla, the question for Faraday is 'how far can it go?'
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