Why Nikola Stock Fell, Recovered, and Closed Higher Today
Shares of electric truck maker Nikola (NASDAQ: NKLA) rebounded to close higher on Thursday, after having been down early in the session following a negative Bloomberg article that led to a lengthy Twitter outburst from Nikola's founder and chairman.
Nikola's shares opened lower on Thursday, but recovered to close in positive territory, up about 5.7% on the day.
Nikola -- and its loquacious founder and chairman, Trevor Milton -- have had quite a roller coaster ride since the electric big-rig maker went public via a reverse merger earlier this month.
Source Fool.com
