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Insider Selling Buzz: Nikola Corp [NKLA] President, Energy Hoefelmann Dirk Ole sold 17,030 shares of the company


Nikola Corp’s recent filing unveils that its President, Energy Hoefelmann Dirk Ole unloaded Company’s shares for reported $8709.0 on Jun 04 ’24. In the deal valued at $0.51 per share,17,030 shares were sold. As a result of this transaction, Hoefelmann Dirk Ole now holds 1,514,870 shares worth roughly $12.18 million.

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Then, Girsky Stephen J bought 1,000,000 shares, generating $540,000 in total proceeds. Upon buying the shares at $0.54, the Chief Executive Officer now owns 7,243,005 shares.

Before that, Worthen Britton M. sold 109,980 shares. Nikola Corp shares valued at $74,852 were divested by the Chief Legal Officer at a price of $0.68 per share. As a result of the transaction, Worthen Britton M. now holds 647,449 shares, worth roughly $5.21 million.

Bryan Garnier initiated its Nikola Corp [NKLA] rating to a Buy in a research note published on May 16, 2024; the price target was $1. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early April with a ‘”a Peer perform”‘ rating. Robert W. Baird began covering NKLA with “an Outperform” recommendation on January 24, 2024. TD Cowen revised its rating on May 10, 2023. It rated NKLA as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of NKLA

On Tuesday, Nikola Corp [NASDAQ:NKLA] saw its stock jump 8.65% to $8.04. Over the last five days, the stock has lost -14.19%. Nikola Corp shares have fallen nearly -69.36% since the year began. Nevertheless, the stocks have fallen -80.58% over the past one year. While a 52-week high of $111.30 was reached on 04/01/24, a 52-week low of $7.35 was recorded on 07/02/24. SMA at 50 days reached $15.27, while 200 days put it at $24.42. A total of 12.0 million shares were traded, compared to the trading of 4.21 million shares in the previous session.

Levels Of Support And Resistance For NKLA Stock

The 24-hour chart illustrates a support level at 7.08, which if violated will result in even more drops to 6.11. On the upside, there is a resistance level at 9.18. A further resistance level may holdings at 10.31. The Relative Strength Index (RSI) on the 14-day chart is 26.86, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.31%. Stochastics%K at 4.20% indicates the stock is a buying.

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