Faraday Future Intelligent Electric Inc. (FFIE) has witnessed a dramatic surge in its stock price, rising over 4,100% this week. The stock, which was trading at $0.04 earlier, reached $1.96 in after-hours trading. This spike follows the company's CEO purchasing $10 million worth of shares, leading to a 3,700% increase in call buying and a 2000% rise within 24 hours. Despite being a penny stock with a 95% short float, FFIE's market cap has grown from $10 million to $92 million in a matter of days. The company's stock performance has drawn comparisons to meme stocks like GameStop (GME) and AMC Entertainment (AMC), making small caps seem great again. However, concerns remain as the company was previously considered a bankruptcy candidate, is now facing potential delisting, and has been described as the 'wild west' of the stock market.
Alpha: I bought $FFIE (on sol) at both $1M and $1.8M market cap and you should too. Thesis below: 1) FFIE is a real company Faraday Future Intelligent Electric which is a startup focused on developing electric vehicles. It has faced heavy short interest (over 95%) and has…
$FFIE after hours $1.96. 95% of float shorted. Market cap was just 10M two days ago when I first checked. Decided to join the meme stock fun yesterday. Entered at $0.70 and then today all in at $1.40. GL https://t.co/gF4f79jxxP
Pre-Bankrupt Company $FFIE up 40x in just 5 days!!! @SECgov Seems perfectly normal... no news BTW. https://t.co/bGJarp9rCn
$FFIE ummmm what is going on here now? The Fed, SEC has lost control of this stock market. It’s wild wild west vegas. And I’m all for it.
$FFIE ummmm what is going on here now? The Fed, SEC has lost control of this stock market. It’s wild wild west vegas. And I’m for it.
$FFIE is up 50x in a week and is...about to be delisted? https://t.co/5znKgQ9est
Unless share count is wrong, FFIE here with just $92 million market cap... $FFIE $GME $AMC https://t.co/H9dOeTOQcK
$FFIE is +4,100% this week
$FFIE making this week feel like 2021 days From .04c to $1.50 this week. 3600%+ return. Small caps are great again.
$FFIE #update 🎯 Beauty move so far Initial target coming for us to lock 50% gains vs 1 psych #penny theme #short theme https://t.co/gbwG7zTO3M https://t.co/fuWQLfbFXa
$FFIE Covered this in Youtube recaps up nicely today! 92% short float, covered this theme in detail in recaps! https://t.co/ZELb2WX1ke https://t.co/AMF8deH8Sf
$FFIE Stock up almost 2000% within 24 hours...why? A CEO of a Co widely thought to be a bankruptcy candidate buys $10M worth of shares. Yes...looking at you, insiders of struggling biotech companies. PS: guy is $150M richer, at least on paper now. https://t.co/YTKXcW9Z0Z
3,700% spike in $FFIE call buying: JFC
$FFIE 💰 #theme #shortfloat Short Float Theme Still hot #recap Beautiful Lotto Spec Play! Took profits early but these Short Float Themes setups worked flawlessly! This 95% short play penny really paid Got $FFIE yesterday Great Guidance by @TapeRDR for overnight swings.!… https://t.co/yErjEZAttI