Why are EV shares sizzling hot today?
@koolgal:
🌟🌟🌟On a day when US stocks are in a holding pattern as investors await the latest inflation data on Friday, EV stocks are sizzling hot. The best performing EV stock is surprisingly $Faraday Future Intelligent Electric Inc.(FFIE)$ as it jumps a whopping 73% in just 1 day and another 12.9% after the market close. On Monday, Faraday Future is proposing a reverse stock split to be submitted to shareholders for approval at the upcoming annual meeting scheduled sometime in July. The reverse stock split proposal includes a proposed range between 1-for-2 and 1-for-40 shares of outstanding Common stock and a corresponding reduction in the total number of shares of Common stock that the company is authorised t