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Nikola shares tanked 14% in morning trading

Tiger Newspress2021-11-05

Nikola shares tanked 14% in morning trading as BTIG headed to the sidelines after big rally.

BTIG lowers its rating on Nikola to a Hold rating after having it lined up at Buy.

Analyst Gregory Lewis and team turn cautious after shares of NKLA rose more than 20% yesterday and more than 50% over the five months.

The long-term story on Nikola (NKLA) is still attractive to BTIG and the potential for the hydrogen side of the business is viewed to be worth close to $30 per share as a standalone, but the firm is waiting for more tangible signs of execution before turning constructive again.

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  • sylarspock
    ·2021-11-08
    Scary news 
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  • Wafu
    ·2021-11-07
    Like please
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    收起
    • sylarspock
      Done
      2021-11-08
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    • hpt
      Like
      2021-11-07
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  • Bull1973
    ·2021-11-06
    Good day 
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  • magnumao
    ·2021-11-06
    Gg
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    • Bull1973
      Ok
      2021-11-06
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  • Ken3888
    ·2021-11-06
    K
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    • Ken3888
      K
      2021-11-06
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  • CLOUD1127
    ·2021-11-05
    Really?
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  • CIG
    ·2021-11-05
    They told you no more fraud, asked you to pump, now they dump.
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  • NeedMoneyPls
    ·2021-11-05
    Another SPAC that turned out to be shit. 
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  • CeeeKay
    ·2021-11-05
    Buy
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    收起
    • MinM
      Yea
      2021-11-05
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  • RT126
    ·2021-11-05
    Fall fall fall
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