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What's Going On With Faraday Future Stock?

Hey there, folks! $Faraday Future Intelligent Electric Inc. (FFIE.US)$ shares are racing higher Thursday and have been halted multiple times for volatility.
Here's a look at what's going on.🔥💸
What's Going On With Faraday Future Stock?
What To Know:
📈 The stock kicked off its week on Monday with a split-adjusted vibe, post that 1-for-40 reverse stock split magic trick. Might be why we're seeing some wild rides in its price action 🎢.
And on Thursday, investors were all in, trading over 99 million shares like it was the hottest thing on the block! 🔥💸 Market's been buzzing, that's for sure!
What's Going On With Faraday Future Stock?
On Monday, the company also announced a launch event for its China-U.S. Automotive Bridge Strategy. Faraday Future will host the event on September 19 and said it will provide an execution plan for the strategy and introduce more details about its second automotive brand.
Institutional Investors Weigh In On Faraday Future Intelligent Electric
Large investors have recently modified their holdings of the business.
Wealthspire Advisors LLC purchased a new stake in shares of FFIE during the second quarter worth $25,000.
Victory Capital Management Inc. purchased a new stake in shares of FFIE in the second quarter valued at about $29,000.
Marathon Trading Investment Management LLC purchased a new stake in shares of FFIE in the second quarter valued at about $102,000.
Busey Bank purchased a new stake in shares of FFIE in the second quarter valued at about $252,000.
SG Americas Securities LLC purchased a new stake in shares of FFIE in the second quarter valued at about $420,000.
Hedge funds and other institutional investors own 71.74% of the company’s stock.
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