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Here's What Made Nikola Shares Pop Today

Here's What Made Nikola Shares Pop Today

Electric heavy truck maker Nikola (NASDAQ: NKLA) has been trying to gain shareholder approval to increase its share count to give it more financial flexibility for potential capital investments. After it announced one of those investments today, Nikola's shares jumped. As of 1:15 p.m. ET, Nikola shares were higher by 2.1%.