Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Nikola Corp shares valued at $918 were purchased by Hoefelmann Dirk Ole on Dec 04 ’24. At $1.68 per share, Hoefelmann Dirk Ole acquired 546 shares.
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Also, Okray Thomas B sold 1,396 shares, netting a total of over 8,623 in proceeds. Following the sale of shares at $6.18 each, the insider now holds 57,871 shares.
Before that, Hoefelmann Dirk Ole had sold 352 shares from its account. In a trade valued at $2,174, the President, Energy traded Nikola Corp shares for $6.18 each. Upon closing the transaction, the insider’s holdings decreased to 352 shares, worth approximately $88251.68000000001.
As published in a research note from Bryan Garnier on November 07, 2024, Nikola Corp [NKLA] has been rated down from a Buy to a Neutral. Analysts at Bryan Garnier started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of April 09, 2024, Wolfe Research has initiated its “Peer perform” rating for NKLA. Earlier on January 24, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for NKLA stock.
Analyzing NKLA Stock Performance
During the last five days, there has been a drop of approximately -9.74%. Over the course of the year, Nikola Corp shares have dropped approximately -93.29%. Shares of the company reached a 52-week high of $34.5000 on 04/01/24 and a 52-week low of $1.6400 on 12/03/24. A 50-day SMA is recorded $3.5255, while a 200-day SMA reached $11.6641. Nevertheless, trading volume fell to 6.64 million shares from 11.27 million shares the previous day.
Support And Resistance Levels for Nikola Corp (NKLA)
According to the 24-hour chart, there is a support level at 1.6867, which, if violated, would cause prices to drop to 1.6133. In the upper region, resistance lies at 1.7967. The next price resistance is at 1.8333. RSI (Relative Strength Index) is 28.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2405, which suggests the price will decrease in the coming days. Percent R is at 92.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
