Nikola Corp’s filing revealed that its Chief Executive Officer Girsky Stephen J unloaded Company’s shares for reported $35909.0 on Aug 06 ’24. In the deal valued at $7.75 per share,4,636 shares were sold. As a result of this transaction, Girsky Stephen J now holds 238,311 shares worth roughly $1.76 million.
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Then, Girsky Stephen J bought 4,636 shares, generating $35,909 in total proceeds.
Before that, Hoefelmann Dirk Ole sold 17,030 shares. Nikola Corp shares valued at $8,709 were divested by the President, Energy at a price of $0.51 per share. As a result of the transaction, Hoefelmann Dirk Ole now holds 1,514,870 shares, worth roughly $11.18 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 Monday, Nikola Corp [NASDAQ:NKLA] saw its stock fall -1.67% to $7.38. Over the last five days, the stock has gained 0.20%. Nikola Corp shares have fallen nearly -71.88% since the year began. Nevertheless, the stocks have fallen -79.92% over the past one year. While a 52-week high of $51.00 was reached on 04/01/24, a 52-week low of $7.02 was recorded on 08/05/24. SMA at 50 days reached $9.13, while 200 days put it at $18.89.
Levels Of Support And Resistance For NKLA Stock
The 24-hour chart illustrates a support level at 7.27, which if violated will result in even more drops to 7.17. On the upside, there is a resistance level at 7.52. A further resistance level may holdings at 7.67. The Relative Strength Index (RSI) on the 14-day chart is 39.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.94%. Stochastics %K at 9.64% indicates the stock is a buying.
How much short interest is there in Nikola Corp?
A steep rise in short interest was recorded in Nikola Corp stocks on 2024-07-31, dropping by -1.12 million shares to a total of 9.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 10.33 million shares. There was a decline of -12.18%, which implies that there is a negative sentiment for the stock.
