Faraday Future Intelligent Electric Inc Aktie News

One of the most pronounced beneficiaries of the meme trading phenomenon, electric vehicle manufacturer Faraday Future (NASDAQ: FFIE ) saw its shares soar around 2,200% in the trailing month. However, prior to the surge, FFIE stock had traded well below the minimum price requirement to stay listed.

After skyrocketing to truly astounding heights during last week's meme stock rally, Faraday Future Intelligent Electric ( FFIE ) stock seems to be running out of momentum. The electric vehicle (EV) producer went from a little-known penny stock that many investors ignored to being the talk of Wall Street.

Last week, the market experienced a flashback to the meme stock mania of 2021. Keith Gill, famously known as RoaringKitty, reemerged on X, sparking a renewed frenzy among retail traders.

One of the most unusual events in last week's meme-stock rally was the phenomenal surge in shares of electric-vehicle startup Faraday Future Intelligent Electric Inc., which went stratospheric on zero news.

Faraday Future Intelligent Electric (NASDAQ: FFIE ) is gearing up to report fourth-quarter earnings on May 28, 2024. There's no question that the electric vehicle (EV) producer has surged to impressive heights recently on the back of last week's meme stock rally.

The meme-stock rally of 2024 was, for the most part, very short-lived. Moreover, most of the meme stocks became stocks to sell by quickly retreated to points not far above their pre-rally levels.

On May 12, 2024, the internet cheered as the man credited with launching the GameStop (NYSE: GME ) short squeeze of 2021 returned to social media. Keith Gill, better known by the online alias “Roaring Kitty,” randomly shared a drawing of a gamer on X after a multi-year hiatus from the platform.

Through early trading Monday, Faraday Future stock was up almost 4,000% month to date. The amount of trading in the EV start-up is amazing.