Why VectoIQ Acquisition Stock Is Surging Today

Shares of VectoIQ Acquisition (NASDAQ: VTIQ) were up sharply on Friday on growing investor interest in the company's pending merger with electric tractor-trailer maker Nikola Motors.

As of 1:30 p.m. EDT, VectoIQ's shares were up about 21.4% from Thursday's closing price.

There's no big news moving the shares of VectoIQ, which at the moment is just a holding company led by former General Motors vice chairman Stephen Girsky. Instead, investors seem to be getting excited about the company's pending merger with Nikola after Nikola confirmed earlier this week that the merger is on track to close in the first two weeks of June.

Continue reading

Source Fool.com