Nikola Corp’s recent filing unveils that its Chief Financial Officer Okray Thomas B unloaded Company’s shares for reported $8623.0 on Sep 04 ’24. In the deal valued at $6.18 per share,1,396 shares were sold. As a result of this transaction, Okray Thomas B now holds 57,871 shares worth roughly $0.32 million.
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Then, Hoefelmann Dirk Ole sold 352 shares, generating $2,174 in total proceeds. Upon selling the shares at $6.18, the President, Energy now owns 50,143 shares.
Before that, Chan Mary S sold 717 shares. Nikola Corp shares valued at $4,429 were divested by the Chief Operating Officer at a price of $6.18 per share. As a result of the transaction, Chan Mary S now holds 66,757 shares, worth roughly $0.36 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 jump 1.11% to $5.46. Over the last five days, the stock has gained 3.61%. Nikola Corp shares have fallen nearly -79.20% since the year began. Nevertheless, the stocks have fallen -84.17% over the past one year. While a 52-week high of $51.00 was reached on 04/01/24, a 52-week low of $4.85 was recorded on 09/10/24. SMA at 50 days reached $7.88, while 200 days put it at $17.20.
Levels Of Support And Resistance For NKLA Stock
The 24-hour chart illustrates a support level at 5.20, which if violated will result in even more drops to 4.94. On the upside, there is a resistance level at 5.61. A further resistance level may holdings at 5.76. The Relative Strength Index (RSI) on the 14-day chart is 33.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.60%. Stochastics %K at 17.96% 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 2024-08-30, growing by 4.65 million shares to a total of 13.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.21 million shares. There was a rise of 33.57%, which implies that there is a positive sentiment for the stock.
