Nikola Corporation (NKLA)
15.00 +0.10 (0.67%)
After hours: 5:59PM EST
- Motley Fool
Why Workhorse Group, Nikola, and Churchill Capital IV Stocks Dropped Friday
Shares of Workhorse Group (NASDAQ: WKHS), Nikola (NASDAQ: NKLA), and Churchill Capital IV (NYSE: CCIV) are all down as well today, though each has its own story. As of 1:45 p.m. EST today, Workhorse Group shares were down 6%, while Nikola was down 5.6%. Churchill Capital IV, which plans to bring Lucid Motors public through a merger, was down 2%.
- Motley Fool
Why Nikola Stock Sank 21.6% in February
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.
- Motley Fool
3 Growth Stocks That Should Take Advantage of High Stock Prices Today
With that lens, selling stock to raise capital can actually pull growth forward and allow a company to invest more quickly at a larger scale, adding value long-term. Three companies that I think should take advantage of this market to raise significant capital are Virgin Galactic (NYSE: SPCE), SunPower (NASDAQ: SPWR), and Nikola (NASDAQ: NKLA). Virgin Galactic is still effectively a pre-revenue company, and has yet to launch its commercial space flights into orbit.
