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Why Nikola Stock Soared 36% in August

TheMotleyFool

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Shares of startup electric truck maker Nikola (NASDAQ: NKLA) rose 36% in August, according to data provided by S&P Global Market Intelligence. It was a noticeable turnaround from July, when shares fell 55.6%.

The company's performance was better in the first half of August, with shares rising 53.2% through Aug. 14. After that, they declined 11.2% between the 14th and the 31st. Despite a lot of volatility, Nikola's shares have had an amazing run so far in 2020, and are still up nearly 250% year to date.

Image source: Getty Images.

Source Fool.com

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