Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Check out the companies making headlines midday on Monday: Nikola — Shares of the electric-vehicle maker rose nearly 6% after a JPMorgan analyst said he sees a “less drama-filled” news flow for the company in …
Read More »Apple, Alibaba, Nikola, Macy’s & more
Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities …
Read More »Nikola shares slide after deal ends for EV garbage trucks
Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Nikola shares slid 9% Wednesday after the company announced that it has terminated its partnership with Republic Services to jointly develop electric garbage trucks. Nikola said the decision was made after both companies “determined that …
Read More »Nikola founder Trevor Milton can sell his 91.6 million shares starting Tuesday
CEO and founder of U.S. Nikola, Trevor Milton attends a dinner held to presents its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy, December 2, 2019. Massimo Pinca | Reuters Ousted Nikola founder and Chairman Trevor Milton is the company’s …
Read More »Zoom Video, Nikola, Tesla and more
Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Zoom Video – Shares dropped 15.1% as investors digested signs that …
Read More »Nikola stock sees another ugly selloff as insider lockup period expires
Nikola Motor Company Two truck Source: Nikola Motor Company Shares of Nikola plummeted by as much as 18.3% in heavy trading Tuesday morning after a lockup period on the stock for company insiders and early investors expired, freeing up to 166 million shares for sale for the first time since …
Read More »Moderna, IHS Markit, Nikola, Carnival & more
Moderna in Cambridge, MA is pictured on Feb. 28, 2020. David L. Ryan | The Boston Globe via Getty Images Check out the companies making headlines midday Monday: Moderna — Shares rallied more than 14% after the drugmaker said its coronavirus vaccine candidate was more than 94% effective in preventing …
Read More »Nikola stock craters after GM gives up equity stake in reworked deal
Shares of Nikola plunged more than 26% in trading Monday morning after General Motors announced that it is giving up an equity stake in the electric truck start-up and the two said they are dropping plans to build the Badger, Nikola’s pickup truck for consumers. In September, the automakers announced a $2 …
Read More »Gap, Square, Nikola, Nordstrom & more
Check out the companies making headlines in midday trading. Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the period, ahead of the $1.49 expected by analysts surveyed by …
Read More »JPMorgan ‘skeptical’ about GM producing Nikola badger pickup
Nikola Motor Company Source: Nikola Motor Company JPMorgan is “skeptical” about Nikola finalizing a deal with General Motors to produce an electric pickup truck called the Badger for the embattled vehicle start-up. Instead, JPM analyst Paul Coster expects the two companies to renegotiate a previously announced $2 billion deal without …
Read More »Nikola shares fall after CEO fails to reassure investors GM won’t pull out of $2 billion deal
Nikola Motor Company Two truck Source: Nikola Motor Company Shares of embattled electric vehicle start-up Nikola Corp. fell by more than 8% in afterhours trading after CEO Mark Russell failed to reassure investors that the company’s $2 billion deal with General Motors would still go through and that ousted founder …
Read More »Zoom, Nikola, FireEye, Intuit & more
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined …
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