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What's Going On With Faraday Future Intelligent Electric Stock?

Summary

Faraday Future shares opened for trading Monday at 4 cents per share, and the stock has climbed more than 3000% in the last 4 sessions.  Faraday Future appears to have benefited from the recent "meme stock" rally which saw heavily-shorted stocks gaining amid a retail-fueled rally in GameStop and AMC Entertainment shares.

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Article published on May 16, 2024 by benzinga