Why Nikola Stock Is Getting Crushed This Week
NKLANikola(NKLA) The Motley Fool·2024-06-21 03:03

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 ...