Why Nikola Stock Soared 36% in August
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