Nikola Corporation NKLA shares are trading higher Monday. The stock appears to be recovering from recent losses, though it remains down more than 15% over the last five days.
What To Know:
Nikola Corporation stock's has seen a volatile month of September with the stock reacting to several corporate developments and news releases from the company.
Niklola appointed Mary Chan as COO and Joseph S. Cappello as president of Nikola Energy, and the company announced an agreement with ITD Industries, Inc. to become the first dealer for Nikola Class 8 EV trucks in Canada.
Nikola also enacted a voluntary recall of its battery electric vehicles (BEV) and safety solutions are being completed at the company's Arizona manufacturing facility.
Shares of NKLA are moving higher Monday on heavy trading volume. According to data from Benzinga Pro, more than 40.9 million shares have already been traded in the session, compared to the stock's 100-day average of 90.683 million shares.
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NKLA Price Action: According to Benzinga Pro, Nikola Corporation shares are up 8.4% at $1.36 at the time of publication.
Image: Courtesy of Nikola Corporation
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