What's Going On With Nikola Stock?
Portfolio Pulse from Erica Kollmann
Nikola Corporation's shares are trading higher after a 40% drop in the last five sessions. The volatility follows the company's Q2 financial results and an abrupt CEO transition. Nikola reported Q2 revenue of $15.36 million and a loss of 20 cents per share. CEO Michael Lohscheller stepped down due to a family health matter, and board chairman Steve Girsky assumed the CEO role. The company's shares are moving higher on above-average trading volume, attracting short sellers.
August 10, 2023 | 2:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nikola Corporation's shares are trading higher after a significant drop. The company's Q2 financial results and CEO transition have contributed to the stock's volatility. The stock is attracting short sellers due to its above-average trading volume.
Nikola Corporation's shares are recovering after a significant drop, indicating a potential short-term bullish trend. The company's Q2 financial results and CEO transition have caused volatility, which can attract traders looking for short-term opportunities. The above-average trading volume suggests increased interest in the stock, which can drive the price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100