NKLA - What's Going On With Nikola Stock Thursday? | Benzinga
Nikola Corporation (NASDAQ:NKLA) shares have experienced increased volatility this week. The stock is bouncing around Thursday after the EV maker announced it successfully regained compliance with Nasdaq listing rules.
What Happened: In a new filing released Wednesday night, Nikola said it received written notice from the Nasdaq on Wednesday informing the company that it regained compliance with listing rules that require companies to maintain a minimum bid price of $1 per share.
The news comes just weeks after Nikola enacted a 1-for-30 reverse stock split in an effort to raise its share price to comply with Nasdaq requirements near the end of June. The stock has been trending lower for much of the past two years, but it has shown some signs of life in recent trading sessions.
The recent buying in ...