Nikola Corporation shares are trading lower after the company received a written notice from Nasdaq saying that it is not in compliance with the minimum bid price requirements.
Portfolio Pulse from Benzinga Newsdesk
Nikola Corporation's shares are trading lower after receiving a written notice from Nasdaq for non-compliance with minimum bid price requirements.
May 25, 2023 | 5:01 pm
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NEGATIVE IMPACT
Nikola Corporation shares are trading lower due to Nasdaq's notice of non-compliance with minimum bid price requirements.
Nikola Corporation received a written notice from Nasdaq stating that it is not in compliance with the minimum bid price requirements. This news has a direct negative impact on the company's stock price, as it indicates potential delisting risks and may cause investors to lose confidence in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100