What's Going On With Nikola Stock?
Portfolio Pulse from Erica Kollmann
Nikola Corporation's stock is trading lower on Monday due to continued downward momentum following a tweet from the company on Friday about a fire at their Phoenix headquarters affecting multiple battery electric trucks. NKLA shares are up nearly 50% over the last month, with 16.8% of available shares being sold short.
June 26, 2023 | 5:01 pm
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Nikola Corporation's stock is trading lower due to a fire at their Phoenix headquarters affecting multiple battery electric trucks. The stock is up nearly 50% over the last month, with 16.8% of available shares being sold short.
The fire incident at Nikola Corporation's Phoenix headquarters has negatively impacted the stock price in the short term. The stock is trading lower due to the uncertainty surrounding the incident and its potential impact on the company's operations. Additionally, the high short interest in the stock may be contributing to the downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100