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Why Northern Genesis Acquisition Stock Soared 43.1% in January

TheMotleyFool

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Why Northern Genesis Acquisition Stock Soared 43.1% in January

Shares of Northern Genesis Acquisition (NYSE: NGA) rose 43.1% in January according to data from S&P Global Market Intelligence. The special purpose acquisition company (SPAC) gained ground following news that its pending electric vehicle (EV) buyout target was also being eyed for investment by Amazon.