A big EV investment and reverse stock split have investors interested in Nikola stock today. Big news in the electric vehicle (EV) sector led to gains in several names today. Electric heavy truck maker Nikola (NKLA 3.58%) was one of them. Shares jumped as much as 16% in early Wednesday trading. The stock lost most of those gains, but still traded higher by 3.4% on the day as of 3:30 p.m. ET. There were two news items that investors were likely balancing as they traded shares in the struggling EV stock today ...

Beleaguered electric vehicle (EV) manufacturer Nikola (NASDAQ:NKLA) found itself in the news for the wrong reasons. On June 20, the company announced that its board of directors unanimously approved a reverse split of NKLA stock at a 1-for-30 ratio. It was supposed to take effect following the close of business Monday, with shares trading on a post-reverse-split basis today. Unfortunately for NKLA stock stakeholders, industry publication EV reported that Nasdaq exchange operators halted trading of the equit ...

Nikola (NKLA) ended the recent trading session at $0.35, demonstrating a -1.82% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.31%. Meanwhile, the Dow experienced a rise of 0.67%, and the technology-dominated Nasdaq saw a decrease of 1.09%. Shares of the pioneer in zero-emission trucks have depreciated by 32.19% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 4.91% and the S&P 500's gain of 2.73%. Investo ...

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Nikola's going with the maximum reverse stock split it can perform. Nikola (NKLA -29.30%) has been working to grow a customer base for its hydrogen-fueled electric trucks. The company, in fact, announced a large order for the electric vehicles (EVs) last month. But investors haven't been impressed and Nikola stock has struggled. That has led to a dwindling stock price and now a decision to perform a reverse stock split. The details for a reverse stock split were provided this week, but investors already kne ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

The company will conduct a big reverse stock split next week. Here's why that's worrying investors. Shares of electric truck maker Nikola (NKLA -21.98%) were trading sharply lower on Thursday morning, after the company said in a regulatory filing that that it will conduct a 1-for-30 reverse stock split next week. As of 10:30 a.m. ET, Nikola's shares were down about 23.3% from Wednesday's closing price. Nikola's reverse stock split will be more dramatic than expected The upcoming reverse stock split isn't ex ...

Nikola (NASDAQ:NKLA) stock is down on Thursday after the hydrogen truck company announced a reverse stock split for its shares. Nikola's board of directors has approved a one-for-30 reverse stock split for NKLA shares. This comes after shareholders approved a split ranging from one-for-10 to one-for-30 during an annual shareholder meeting earlier this month. The reverse stock split will see Nikola consolidate 30 shares of NKLA into a single share. The shares will keep their current ticker but will switch to ...

Li Auto is an underappreciated and undervalued EV play. Nikola (NKLA 2.84%) disappointed a lot of investors after it went public by merging with a special purpose acquisition company (SPAC) four years ago. The maker of electric semi trucks repeatedly missed its own delivery estimates, its founder and former CEO Trevor Milton was convicted of securities and wire fraud, and it recalled nearly all of its vehicles after a series of battery fires. It has also nearly tripled its share count over the past four yea ...

Nikola (NKLA) ended the recent trading session at $0.50, demonstrating a -0.16% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.26%. On the other hand, the Dow registered a gain of 0.18%, and the technology-centric Nasdaq increased by 0.35%. Coming into today, shares of the pioneer in zero-emission trucks had lost 7.65% in the past month. In that same time, the Auto-Tires-Trucks sector lost 3.63%, while the S&P 500 gained 3.25%. The investment community will be ...