Northern Trust Corp Purchases 95,943 Shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)

Northern Trust Corp raised its position in shares of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) by 775.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,318 shares of the company’s stock after acquiring an additional 95,943 shares during the quarter. Northern Trust Corp owned approximately 0.24% of Faraday Future Intelligent Electric worth $263,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Diametric Capital LP bought a new stake in shares of Faraday Future Intelligent Electric during the fourth quarter valued at approximately $78,000. Geode Capital Management LLC boosted its position in shares of Faraday Future Intelligent Electric by 248.6% during the fourth quarter. Geode Capital Management LLC now owns 439,595 shares of the company’s stock valued at $1,068,000 after purchasing an additional 313,494 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new stake in shares of Faraday Future Intelligent Electric during the 4th quarter valued at $146,000. 71.74% of the stock is owned by institutional investors.

Faraday Future Intelligent Electric Stock Performance

Shares of FFIE stock opened at $1.15 on Monday. Faraday Future Intelligent Electric Inc. has a 12 month low of $0.99 and a 12 month high of $31.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.21 and a current ratio of 0.32. The company’s fifty day moving average price is $1.12 and its 200-day moving average price is $1.35.

About Faraday Future Intelligent Electric

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.