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Why Nikola Stock Sank 21.6% in February

Keith Noonan, The Motley Fool
·2-min read
Why Nikola Stock Sank 21.6% in February
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Shares of Nikola (NASDAQ: NKLA) fell 21.6% in February, according to data from S&P Global Market Intelligence. Electric Vehicle stocks have generally put up stellar gains over the last year, and Nikola stock has climbed roughly 44% across the stretch despite recent volatility. Nikola stock reached a high of roughly $94 per share last year, spurred on by anticipation for a potential partnership with GM and excitement for the overall EV space.