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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

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