Nikola Shares Down 3.6% Premarket After Company Announced Late Monday It Would Liquidate Assets Of Romeo Power
Portfolio Pulse from Charles Gross
Nikola Corporation (NKLA) shares fell 3.6% in premarket trading after the company announced it would liquidate assets of Romeo Power. The decision was announced late Monday.
July 05, 2023 | 8:24 am
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Nikola Corporation's decision to liquidate assets of Romeo Power has led to a 3.6% drop in its shares in premarket trading.
The decision to liquidate assets of Romeo Power is a significant move by Nikola Corporation, which has led to a negative reaction in the stock market. This has resulted in a 3.6% drop in the company's shares in premarket trading, indicating a negative short-term impact on the stock.
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IMPORTANCE 80
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