Why Nikola (NKLA) Stock Is Climbing Friday
Portfolio Pulse from Erica Kollmann
Nikola Corporation (NASDAQ:NKLA) shares are climbing higher on Friday after the company announced it had regained compliance with the Nasdaq listing rules. The company received written notice from Nasdaq stating it had regained compliance with Nasdaq Listing Rule 5450(a)(1), which requires that companies listed on the Nasdaq Global Select Market maintain a minimum bid price of $1.00 per share. The closing bid price of NKLA common stock was $1/share or greater from June 14 to 28.
June 30, 2023 | 3:43 pm
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Nikola Corporation's stock is climbing after regaining compliance with Nasdaq listing rules. The company's stock price has been $1/share or greater from June 14 to 28.
Nikola Corporation's stock price is rising after the company announced it had regained compliance with Nasdaq listing rules. This is a positive development for the company as it indicates that it is meeting the minimum requirements set by Nasdaq for listed companies. This could boost investor confidence in the company and lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100