Why VectoIQ Stock Is Rising Today

Shares of VectoIQ Acquisition (NASDAQ: VTIQ) were up on Tuesday, as the stock continued to gain momentum ahead of an expected merger with electric-semi maker Nikola Motor next month.

As of 12:45 p.m. EDT, VectoIQ's shares were up about 11.2% from Friday's closing price.

There's no big news to report, aside from the news that everyone watching this stock probably knows: The company's proposed merger with Nikola appears to be on track for approval at the special meeting of shareholders set for June 2. That said, VectoIQ did issue a press release this morning, in which it reminded its shareholders to vote and return their proxy cards before the meeting.

Source Fool.com