|Bid||0.7700 x 800|
|Ask||0.7686 x 900|
|Day's range||0.7220 - 0.7970|
|52-week range||0.4370 - 6.5200|
|Beta (5Y monthly)||1.46|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Nikola (NKLA) announces a $144 million deal to buy the battery developer Romeo to build in-house battery packs in a bid to spur EV efforts.
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%.
(Bloomberg) -- Nikola Corp. will acquire Romeo Power Inc. for a sliver of what the battery maker was worth when it merged with a special purpose acquisition company less than two years ago.Most Read from BloombergManchin Spending Deal Includes Billions in Oil Import TaxesYou Won’t Like What Comes After InflationPelosi Is Expected to Visit Taiwan, Ramping Up US-China TensionsChina’s Rebound Remains Fragile as Factories, Property SlumpThe all-stock transaction between two manufacturers that went p