Nikola Corp NKLA shares are trading higher by 3.6% to $1.08 Tuesday afternoon, despite a lack of company-specific news for the session. Traders and investors are watching for the company's third-quarter earnings report, confirmed for Thursday's pre-market session.
According to analyst consensus estimates, Nikola is expected to report an EPS loss of 14 cents revenue of $13.33 million.
What Else?
Nikola shares gained marginally last week after the company was granted $165 million, plus interest, in an arbitration case involving its founder and former executive chairman, Trevor Milton.
This award relates to costs and damages incurred due to prior actions, including regulatory investigations and an SEC settlement regarding fraud allegations.
The company plans to request reimbursement for attorney fees as well.
According to data from Benzinga Pro, Nikola has a 52-week high of $3.97 and a 52-week low of $0.52.
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