Nikola Corp’s recent filing unveils that its Chief Legal Officer Worthen Britton M. unloaded Company’s shares for reported $74852.0 on Mar 05 ’24. In the deal valued at $0.68 per share,109,980 shares were sold. As a result of this transaction, Worthen Britton M. now holds 647,449 shares worth roughly $0.43 million.
Then, Pike Joseph R. sold 75,162 shares, generating $51,155 in total proceeds. Upon selling the shares at $0.68, the Chief Human Resources Officer now owns 429,790 shares.
Before that, Chan Mary S sold 24,627 shares. Nikola Corp shares valued at $16,761 were divested by the Chief Operating Officer at a price of $0.68 per share. As a result of the transaction, Chan Mary S now holds 546,230 shares, worth roughly $0.37 million.
Wolfe Research initiated its Nikola Corp [NKLA] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late January with a ‘”an Outperform”‘ rating. TD Cowen also remained covering NKLA and has decreased its forecast on May 10, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. BTIG Research revised its rating on March 31, 2023. It rated NKLA as “a Neutral” which previously was an “a Buy”.
Price Performance Review of NKLA
On Tuesday, Nikola Corp [NASDAQ:NKLA] saw its stock jump 1.76% to $0.67. Over the last five days, the stock has lost -33.49%. Nikola Corp shares have fallen nearly -23.97% since the year began. Nevertheless, the stocks have fallen -18.89% over the past one year. While a 52-week high of $3.71 was reached on 04/01/24, a 52-week low of $0.52 was recorded on 03/14/24. SMA at 50 days reached $0.7525, while 200 days put it at $1.1507. A total of 82.63 million shares were traded, compared to the trading of 121.2 million shares in the previous session.
Levels Of Support And Resistance For NKLA Stock
The 24-hour chart illustrates a support level at 0.6331, which if violated will result in even more drops to 0.6012. On the upside, there is a resistance level at 0.7024. A further resistance level may holdings at 0.7398. The Relative Strength Index (RSI) on the 14-day chart is 39.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2226, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.80%. Stochastics %K at 5.24% indicates the stock is a buying.
The most recent change occurred on March 13, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $3 price target.
