Why Shares of Nikola Are Up Today

1 min read

Shares of Nikola (NASDAQ: NKLA) climbed 8% higher on Monday morning following some positive commentary on the company from analysts at J.P. Morgan. The year is ending on a sour note for Nikola, but some on Wall Street expect a more positive news flow surrounding the company in 2021.

Nikola packed a lot into 2020. The electric truck start-up made a well-received public debut early in the year, but the stock has collapsed in recent months on accusations it overhyped its products and following the resignation of founder and former executive chairman Trevor Milton.

Image source: Nikola.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

Can Exxon Stock Bounce Back in 2021?

Next Story

Why Live Oak Acquisition Stock Soared 20% Today

Latest from Blog