NKLA - EV-Maker Nikola's Stock Hits New All-Time Low: What's Going On? | Benzinga
Nikola Corporation (NASDAQ:NKLA) shares are trading at new all-time lows Monday as the stock moves lower on continued downward momentum following a reverse split last week.
The Details:
Last week, Nikola effected a 1-for-30 reverse stock split in order to regain compliance with Nasdaq's continued listing requirements.
According to data from Benzinga Pro, shares are trading well-below the stock’s 50-day moving average of $15.74 and is marking new all-time lows on Monday.
Nikola announced last Thursday it has delivered a hydrogen fuel cell-powered electric semi-truck to Walmart Canada which will be deployed in Ontario for longer-haul trips.
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