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Why Shares of Faraday Future Fell Today

Why Shares of Faraday Future Fell Today

After climbing sharply on Monday, shares of Faraday Future (NASDAQ: FFIE) have been on a downtrend, and they fell further out of favor with investors Thursday. While the usual suspects -- negative company news, an analyst's downgrade, insider selling, etc. -- were not in play, it seems that some investors were taking profits while others were recoiling from the stock due to the overall market weakness. On Monday, shares of Faraday Future raced higher as investors celebrated the company's announcement that it had locked in some much-needed financing.