Nikola Corp’s filing revealed 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 $0.12 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 $0.13 million.
Bryan Garnier downgraded its Nikola Corp [NKLA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Bryan Garnier’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Wolfe Research began covering NKLA with “Peer perform” recommendation on April 09, 2024. Robert W. Baird started covering the stock on January 24, 2024. It rated NKLA as “an Outperform”.
Price Performance Review of NKLA
On Friday, Nikola Corp [NASDAQ:NKLA] saw its stock jump 2.55% to $2.01. Over the last five days, the stock has lost -0.99%. Nikola Corp shares have fallen nearly -92.34% since the year began. Nevertheless, the stocks have fallen -93.37% over the past one year. While a 52-week high of $34.50 was reached on 04/01/24, a 52-week low of $1.83 was recorded on 11/21/24. SMA at 50 days reached $3.71, while 200 days put it at $11.97.
Levels Of Support And Resistance For NKLA Stock
The 24-hour chart illustrates a support level at 1.95, which if violated will result in even more drops to 1.88. On the upside, there is a resistance level at 2.05. A further resistance level may holdings at 2.08. The Relative Strength Index (RSI) on the 14-day chart is 29.83, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.16%. Stochastics %K at 9.65% 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 2024-11-15, dropping by -0.16 million shares to a total of 12.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.03 million shares. There was a decline of -1.21%, which implies that there is a negative sentiment for the stock.
