Why did ffie stock go up in premarket today.

Faraday Future Intelligent Electric (FFIE) stock is up in premarket trading due to a combination of company-specific news and broader market factors:

1. **Reverse Stock Split Announcement**: FFIE plans to enact a reverse stock split to boost the price of its shares above the $1 minimum bid price required to remain on the Nasdaq. This announcement could be seen as a positive step towards regaining compliance with Nasdaq listing rules and may have instilled investor confidence in the company's future prospects.
2. **Strategic Meetings**: FFIE's CEO, Abdullah Al Qassimi, met with Master Investment Group to discuss a potential expansion into the Middle East. Such strategic meetings can create optimism about the company's future growth opportunities and partnerships.
3. **Short Squeeze**: FFIE stock has been subject to a short squeeze, with high short interest representing a significant portion of the company's float. This dynamic can lead to volatility and price movements, especially in the premarket trading period when liquidity is typically lower.

In conclusion, the premarket rise in FFIE stock is likely a result of positive company-specific news (reverse stock split announcement, strategic meetings) and the unique dynamics of premarket trading.