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Faraday Future Intelligent Electric (NASDAQ:FFIE) jumped another 67% in premarket trading on Friday, after skyrocketing 479% on Thursday. The EV stock was swapping hands at $2.76 in the early session, after trading as low as $0.04 just over a week ago. The one-week 4000% return for the stock is the highest of any stock listed on the New York Stock Exchange or Nasdaq.
The market cap on the electric vehicle maker is now up to $70M, which could give the company some breathing room if it holds. Faraday Future Intelligent Electric (FFIE) has not issued a press release or SEC filing since the rally began.
Notably, Google search trends have spiked for the keywords "Faraday Future" and "$FFIE" over the last few days, in an indication that the short squeeze rally is attracting some retail-level interest. -- Seeking Alpha