What's Going On With Nikola Corporation Stock Friday?
Portfolio Pulse from Erica Kollmann
Nikola Corporation (NASDAQ:NKLA) shares are trading lower on Friday, despite the stock being up more than 25% over the last five sessions. The company recently celebrated the commercial launch of its Nikola hydrogen fuel cell electric vehicle. The stock is moving on heavy trading volume, with more than 33 million shares traded in the session, compared to its 100-day average of 92.215 million shares. Nikola Corporation shares are down 2.4% at $1.61 at the time of publication.
September 29, 2023 | 3:12 pm
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Nikola Corporation shares are trading lower despite the commercial launch of its hydrogen fuel cell electric vehicle. The stock is experiencing heavy trading volume.
Despite the positive news of the commercial launch of its new vehicle, Nikola Corporation's stock is trading lower. This could be due to a variety of factors, including market volatility or investor sentiment. The heavy trading volume indicates a high level of interest in the stock, which could lead to increased volatility.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100