Geode Capital Management LLC Sells 515,969 Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)

Geode Capital Management LLC cut its holdings in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 80.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,101 shares of the company’s stock after selling 515,969 shares during the period. Geode Capital Management LLC owned about 1.02% of Faraday Future Intelligent Electric worth $362,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FFIE. Victory Capital Management Inc. lifted its holdings 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 purchasing an additional 5,983 shares during the period. Marathon Trading Investment Management LLC bought a new position in Faraday Future Intelligent Electric during the 2nd quarter worth $102,000. Finally, Wealthspire Advisors LLC acquired a new position in Faraday Future Intelligent Electric during the 2nd quarter worth about $25,000. 71.74% of the stock is owned by institutional investors.

Faraday Future Intelligent Electric Trading Down 25.0 %

Shares of FFIE stock opened at $1.56 on Monday. Faraday Future Intelligent Electric Inc. has a 1-year low of $0.99 and a 1-year high of $156.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.32 and a quick ratio of 0.21. The stock has a 50-day moving average of $1.58 and a 200-day moving average of $5.60.

Faraday Future Intelligent Electric Profile

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.