Nikola shares are trading higher. The company was awarded $165 million in arbitration from its founder.
Portfolio Pulse from Benzinga Newsdesk
Nikola Corporation has been awarded $165 million in arbitration from its founder. This has led to an increase in the company's share price.
October 24, 2023 | 2:50 pm
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POSITIVE IMPACT
Nikola Corporation's stock price is trading higher following the company's $165 million arbitration win from its founder.
The arbitration win of $165 million is a significant financial boost for Nikola Corporation. This positive news has led to an increase in investor confidence, resulting in a rise in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100