Why Is Faraday Future (FFIE) Stock Down 27% Today?
FFIEFaraday Future(FFIE) Investor Place·2024-06-25 20:14

Faraday Future (NASDAQ:FFIE) stock is falling hard on Tuesday after the electric vehicle (EV) company announced plans to regain compliance with Nasdaq Exchange listing rules. The biggest blow to FFIE stock comes from the EV company’s plans for a reverse stock split. Faraday Future intends to enact a reverse stock split to boost the price of its shares above the $1 minimum bid price required to remain on the Nasdaq Exchange. Faraday Future hasn’t nailed down the exact details of the reverse stock split just ...