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Why is Faraday Future Intelligent Electric Inc (FFIE) Stock down?

27 Sep, 2023:

Faraday Future Intelligent Electric Inc. (FFIE) tumbled 5.11% after the company announced an "at-the-market" equity offering program.

https://www.benzinga.com/news/23/09/34955310/why-sharps-technology-shares-are-trading-lower-by-around-32-here-are-other-stocks-moving-in-wednesda

$13.81
price up icon 1.17%
$19.85
price up icon 3.55%
auto_manufacturers LI
$28.53
price up icon 1.60%
$9.59
price up icon 2.46%
auto_manufacturers HMC
$28.88
price up icon 0.63%
auto_manufacturers F
$10.73
price down icon 0.19%
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