Stock News in Focus: Nikola Corporation (NASDAQ:NKLA)
Nikola Corporation (NASDAQ:NKLA) stock observed trading -70.66% off 52-week high price. On the other end, the stock has been noted 170.39% away from low price over the last 52-weeks. The stock disclosed a move of -30.59% away from 50 day moving average and 6.17% away from 200 day moving average. Moving closer, we can see that shares have been trading -27.58% off 20-day moving average. It has market cap of $10.34B.
On Sept. 21, 2020, Nikola Corporation (NASDAQ:NKLA) released that Trevor Milton approached the Board of Directors and proposed to voluntarily step aside as Executive Chairman and from the Board. The Board accepted his proposal, and Stephen Girsky, former Vice Chairman of General Motors Co. and a member of Nikola’s Board, has been appointed Chairman of the Board, effective immediately.
Nikola is truly in my blood and always will be, and the focus should be on the Company and its world-changing mission, not me, said Milton. So I made the difficult decision to approach the Board and volunteer to step aside as Executive Chairman. Founding Nikola and growing it into a company that will change transportation for the better and help protect our world’s climate has been an incredible honor.
As we move forward, I am confident Steve is the right leader to guide our vision at the Board level. In addition to being an early believer and supporter of Nikola, Steve has more than 30 years of experience working with OEM leaders, suppliers, dealers, labor leaders and national policy makers, and has served as a director of numerous public companies.
The USA based company Nikola Corporation moved with change of -19.33% to $27.58 with the total traded volume of 86581863 shares in recent session versus to an average volume of 25.27M. The stock was observed in the 5 days activity at -22.94%. The one month performance of stock was -32.63%. NKLA’s shares are at -60.60% for the quarter and driving a 171.99% return over the course of the past year and is now at 167.25% since this point in 2018. The average volatility for the week and month was at 11.70% and 11.87% respectively. There are 303.79M shares outstanding and 115.40M shares are floated in market.