What's Going On With Nikola (NKLA) Shares
Portfolio Pulse from Henry Khederian
Nikola Corp's shares are trading lower by 1.98% to $2.47, potentially due to profit-taking after a 79% rally over the past five sessions. The stock's recent strength is attributed to its popularity among high short interest stocks. Nikola's stock surged last week following the announcement of an agreement with BayoTech, which includes the acquisition of up to 50 Nikola Class 8 fuel cell electric vehicles over five years.

July 19, 2023 | 5:46 pm
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Nikola Corp's shares are trading lower, potentially due to profit-taking after a significant rally. The stock's surge was driven by an agreement with BayoTech for the acquisition of fuel cell electric vehicles.
Nikola Corp's shares are trading lower, which could be due to investors taking profits after the stock's recent rally. The rally was driven by the announcement of an agreement with BayoTech, which is a positive development for the company. However, the current drop in the stock price indicates that the market may be reacting to the recent surge by selling off shares to realize profits.
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