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Why Nikola Stock Is Jumping This Week


Electric truck maker Nikola (NASDAQ: NKLA) continues to work to grow its business, and it announced some new progress this week. That led to a jump in the stock price. As of early Friday morning, Nikola shares were 10.5% above last Friday's closing price, according to data provided by S&P Global Market Intelligence.

However, that bump higher still didn't do much to offset the huge decline the stock has had this year. Nikola shares have dropped by about 84% year to date, even as the company begins to accelerate sales of its hydrogen fuel cell electric trucks.

Yet this week's news of an agreement between Nikola, global beverage company , and logistics provider DHL Supply Chain to deploy two new Nikola hydrogen trucks in Illinois is still notable progress for the electric truckmaker. DHL Supply Chain is a division of DHL Group, and a longtime logistics contract partner for Diageo's North American operations.

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Source Fool.com

Diageo plc Aktie

19,25 €
-0,41 %
Ein kleiner Verlust für Diageo plc heute, der Kurs sinkt um -0,41 %.
Diageo plc erfreut sich mäßiger Beliebtheit, mit mehr Buy- als Sell-Einschätzungen.
Bei einem Kursziel von 24 € für Diageo plc deutet sich eine Steigerung von über 20% vom aktuellen Kurs von 19.25 € an.
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