What's Going On With Nikola Stock Friday?
Portfolio Pulse from Erica Kollmann
Nikola Corporation (NASDAQ:NKLA) shares are trading higher on Friday after hitting a new all-time low of 49 cents earlier in the week. The company is on the preliminary list for deletion from the Russell 3000 index, pending a vote on a reverse stock split to address potential delisting concerns.
May 31, 2024 | 2:30 pm
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Nikola Corporation shares are trading higher after hitting a new all-time low. The company is on the preliminary list for deletion from the Russell 3000 index and is seeking a reverse stock split to address potential delisting concerns.
The stock is experiencing a slight recovery after hitting a new all-time low. The potential deletion from the Russell 3000 index and the proposed reverse stock split are significant factors that could impact the stock's short-term price. However, the overall impact remains neutral as the market digests these developments.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100