Nikola shares are trading higher amid overall market strength. The stock also gained last week after shareholders reportedly rejected the company's proposal to issue more stock shares.
Portfolio Pulse from Benzinga Newsdesk
Nikola shares are trading higher due to overall market strength and after shareholders rejected the company's proposal to issue more stock shares.
June 13, 2023 | 7:31 pm
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Nikola shares are trading higher following shareholders' rejection of the proposal to issue more stock shares and overall market strength.
Nikola shares are trading higher due to two main factors: overall market strength and shareholders rejecting the company's proposal to issue more stock shares. The rejection of the proposal prevents dilution of existing shares, which is a positive signal for investors. The overall market strength also contributes to the upward trend.
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