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Why Is It Moving? Looking Into Why Nikola's Stock is Trading Lower Today

December 23, 2020 11:08 am
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Why Is It Moving? Looking Into Why Nikola's Stock is Trading Lower Today

Nikola’s Stock Price And Volume Action

Nikola’s (NASDAQ:NKLA) stock has been falling Wednesday, down 9.46% to a price of $15.2. Wednesday the stock has been traded at a volume of 16.38 million, about 67.23% of its recent 30-day volume average of 24.37 million.

Why It’s Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Nikola shares are trading lower after the company and Republic Services discontinued their collaboration on refuse truck development.

Further Analysis of Recent Price Action

The 50-day moving average price of Nikola’s stock was $20.82 when this article was published. The stock reached a high of $93.99 and a low of $16.01 in the past 52 weeks.

If you’re looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving’ alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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