Why Nikola Stock Was Down This Morning
Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Thursday morning, amid a broad market decline as investors digested sobering reports of increasing numbers of COVID-19 cases from parts of the United States that reopened early.
As of 10:30 a.m. EDT, Nikola's shares were down about 6.4% from Wednesday's closing price.
U.S. coronavirus cases are still rising: There are now more than 2 million confirmed cases, with rising numbers in large states -- including Florida, Texas, and California -- that have moved to reopen their economies in recent weeks.
Source Fool.com