What's Going On With Nikola Corporation Stock Today?
Portfolio Pulse from Henry Khederian
Nikola Corp's shares are trading higher by 3.6% despite no company-specific news. The market is anticipating the company's Q3 earnings report due on Thursday. Nikola is expected to report an EPS loss of 14 cents and revenue of $13.33 million. The company recently won $165 million in an arbitration case involving its founder, Trevor Milton, related to regulatory investigations and an SEC settlement regarding fraud allegations.
October 31, 2023 | 7:45 pm
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Nikola Corp's stock is trading higher by 3.6% ahead of its Q3 earnings report. The company recently won a significant arbitration case, which may have positively influenced the stock price.
The rise in Nikola Corp's stock price can be attributed to the anticipation of its Q3 earnings report and the recent legal victory. The arbitration award of $165 million could help improve the company's financial position and investor confidence, potentially influencing the stock price positively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100