5 Best One Dollar Stocks to Buy Now

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1. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)

Number of Hedge Fund Holders: 14

California-based EV company Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) is not having a good time in 2023. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) has lost over 90% in 2023 through July 8. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) took a nosedive last month after the company revealed plans to sell $300 million worth of Class A shares of common stock and warrants, as well as initiate a reverse stock split.

In June Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) announced an additional funding commitment of $90 million plus acceleration of an existing commitment of $15 million. The investment round was led by ATW Partners funds, with participation from Senyun International.

As of the end of the first quarter of 2023, 14 hedge funds in Insider Monkey’s database of 943 hedge funds reported having stakes in Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE). The biggest stakeholder of Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) was Ryan Tolkin (Cio)’s Schonfeld Strategic Advisors which owns a stake worth $187,000 in the company.

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