Why Nikola Dropped, Then Jumped Today

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Shares of electric-truck maker Nikola (NASDAQ: NKLA) have had a bumpy last few days. Today’s action mirrored recent movements as shares dropped 5%, then moved 4.4% above Monday’s close, before finally settling back with a gain of 3% as of 10:40 a.m. EST.

The volatility is partly left over from the previous days’ news, and partly tied in with today’s market sentiment. 

Nikola Two (left) and Tre (right) semi trucks. Image source: Nikola.

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