The CEO from the U.S. automaker Nikola Steve Girsky bought on Monday 1 million shares of the company at $0.54 per share, a new SEC Filing shows.
Nikola published on Tuesday its financial results for the first quarter of year reporting a decline on total revenues and a non-GAAp net loss per share of $0.09. The adjusted EBITDA loss came at $104 million while operating loss reached $145.4 million.
Nikola published on Tuesday its financial results for the first quarter of year reporting a decline on total revenues and a non-GAAp net loss per share of $0.09. The adjusted EBITDA loss came at $104 million while operating loss reached $145.4 million.
Nikola's founder and former CEO, Trevor Milton, took to LinkedIn to accuse the current Board of Directors of being "too compromised with rampant misconduct and potential fraud." Shares of Nikola fell 26.70% on Thursday and are trading at $0.7170.
Shares of Nikola fell 12% in morning trading on Thursday after asking its shareholders to approve a reverse stock split.
Wolfe Research analyst Scott Group initiated coverage of Nikola shares on Tuesday with a Peer Perform rating and no price target.
As of today, the electric and hydrogen-powered truck company Nikola counts 399 institutional shareholders holding a total of 462,262,466 shares. The figure represents a new all time high for the Phoenix-based company as shares rise.
Nikola announced on Thursday that produced 43 and wholesaled 40 Class 8 Nikola hydrogen fuel cell electric vehicles at its factory in Coolidge, Arizona. As of time of writing, Nikola's stock are trading 10 per cent higher at 0.98$ per share.
