Why Nikola Stock Spiked Higher Today
Nikola (NASDAQ: NKLA) shares soared in Thursday morning trading after the company's CEO held a forum to address key business topics and engaged in a question and answer session. The stock of the electric heavy truck maker spiked higher by as much as 37% and remained up by 26.5% as of 11:25 a.m. ET.
The move reversed a month-long slide that has the stock down by more than 40% even after today's jump.
Steve Girsky took over as Nikola's CEO one month ago and has had to address issues ranging from a large recall of the company's battery-electric trucks to questions related to its upcoming hydrogen-powered trucks and the infrastructure needed to grow that offering. Yesterday, Girsky -- who was Nikola's chairman of the board prior to being named CEO -- offered comments and took questions to update investors.
Source Fool.com
