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Technology Stocks : Nikola Corp
NKLA 0.0297-1.0%Nov 11 9:30 AM EST
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From: roto7/19/2020 8:10:01 PM
1 Recommendation

Recommended By
onepath

   of 252
 
I am on the Nikola sidelines at this time.. but the trade should be interesting.
barrons.com
Investors should get ready for a volatile week of trading in shares of the heavy-duty fuel-cell
trucking pioneer Nikola. Stock warrants—issued in some of the transactions that eventually brought
the company to public markets—can now be exercised. Shares tanked Friday on the news, but
investors might have reacted too negatively.
Nikola (ticker: NKLA) shares fell 7% Friday during regular trading hours, and lost another 14.5%
in after-hours trading once the company said warrants were finally exercisable.
The warrants essentially create a slug of new Nikola stock that likely will be sold to lock in profits.
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