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NKLA

NKLA US Stock
$24.79
Open: $20.26 High: $26.03 Low: $20.06 Close: $24.81
Range: 2021-01-25 - 2021-01-26
Volume: 63,945,266
Market: Open
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NKLA
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NKLA News
Latest news about the NKLA
  • 30-year Wall Street veteran says buyer beware, we may be in a stock market bubble

    One of the biggest questions on Wall Street right now: is the stock market a bubble on the verge of exploding?

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  • These EV Stocks Rally As President Biden To Electrify Federal Fleets

    Several EV stocks rose as the Biden administration seeks to replace combustion vehicles in government fleets with electric vehicles.

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  • Unusual Options Activity Insight: Nikola

    On Monday, shares of Nikola (NASDAQ:NKLA) saw unusual options activity. After the option alert, the stock price moved up to $20.79. * Sentiment: BULLISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2021-02-05 * Strike Price: $22.50 * Volume: 602 * Open Interest: 182Three Ways Options Activity Is 'Unusual'One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset.Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin.Bullish And Bearish Sentiments Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.Using These Strategies To Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Click here for options trades from Benzinga * 9 Industrials Stocks Showing Unusual Options Activity In Today's Session * Analyzing Nikola's Unusual Options Activity(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • SPACulation Part 2

    SPACulation Part 2

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  • Nio Stock Is a Proper Vehicle to Bet on the EV Revolution

    For a while last year it was fun to trade Tesla (NASDAQ:TSLA) stock indirectly using Nio (NYSE:NIO). They often moved in lock-step which made it a cheap way of trading Tesla. Nio is a rising star in the fleet of electric vehicle (EV) manufacturers who are trying to topple internal combustion engines (ICE), the transportation method of choice since the commercialization of cars. Though we’ve had EVs since the 1880’s, they failed to gain popularity until now. Tesla’s mind-boggling ramp on Wall Street is proof that EVs are here to stay. Source: Andy Feng / Shutterstock.com Nio stock being up 1,078% in a year is testament that this EV is a legitimate contender to own. This is not an overnight success and it will take decades to unfold. There is a lot of runway for the supplier of e-cars and trucks to produce many winners. Hundreds will fail but Nio will make it. And therein lies today’s conclusion, which is to own it for the long term.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tesla is out of the woods for good and well on its way to becoming a giant. Nio is not far behind, especially since they could be getting the helping hands of their government. Part of my thesis is to avoid the pre-revenue entrants into the EV space. Much of the supply will likely come from the current giant auto manufacturers, Tesla and Nio. If the 80 million machines the world produces are going to become electric, it’s the legacy ICE suppliers that are switching types. 7 Great Sub-$20 Stocks to Buy After Inauguration Day The likes of General Motors (NYSE:GM), Toyota (NYSE:TM) and Volkswagen (XETRA:VOW.DE) will flip their production efforts to whatever the market demands. Most of the new-comers will fail or remain niche companies. Tesla has Elon Musk, Nio has the Chinese resources and they both have strong momentum already. Most of the rest are missing these key ingredients. Nio Stock Is a Viable Vehicle to Bet on EV Revolution Source: Charts by TradingView Fundamentally Nio stock is not cheap. They earn a lot but they pretty much blow it all away. This alone is not a reason to cut the stock loose because growth companies should not be profitable. Imagine if Amazon (NASDAQ:AMZN) pinched pennies, say, six years ago. We would not have had “the cloud” come to life. Doing great things requires spending a lot. Investors in Nio will need a strong stomach. The critics will be loud and I was one not too long ago. I stopped fighting the tide a while back unless trading specific short-term chart patterns. The thesis behind the concept of electric cars is just too broad to kill this early. It’s got momentum and that will play into the hands of NIO investors. Starting new positions into speculative stocks is scary on any given day. Doing so while markets are at all-time highs makes that task even scarier. If a new investor needs to own it today I’d make that a starter position. Taking a full bite the first time is reckless. Taking ownership in tranches leaves room to manage the risk during bad stints. There will be dips and those would be better opportunities to buy Nio stock. For example, there is proven support anywhere above $42 per share. If for whatever reason the stock falls close to that I’d pounce. Closer to the current price Nio also has supports at $55 and $51 per share. These will come into play for faster traders. Momentum investors would probably want to chase the breakout above $60 per share. If that happens it could develop enough tailwind to set new highs again. I favor using options especially when investors are eager to own the shares. Instead of buying Nio stock outright, I’d sell puts. This would get me long today and leave a huge room for error. For example, instead of risking $5,800 to own 100 shares now, I sell the Nio August $39 put. For this almost $600 goes into my account today because I commit to buying Nio stock at $39 between now and mid-August. This is a win/win situation because if Nio falls below my strike I get to buy it for 32% cheaper than it is now. If the price doesn’t fall then I would have generated the equivalent of a 10% rally from now. On the date of publication, Nicolas Chahine did not have (either directly or indirectly) any positions in the securities mentioned in this article. Nicolas Chahine is the managing director of SellSpreads.com. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. The post Nio Stock Is a Proper Vehicle to Bet on the EV Revolution appeared first on InvestorPlace.

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  • Tesla analyst more than doubles stock price target to $1,036

    Tesla has a new Street high price target. Oppenheimer analyst Colin Rusch more than doubled his price target on the stock to $1,036 from $486.

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  • Is Nio Stock A Buy As China EV Leader Surges After Unveiling Luxury Sedan?

    Nio stock jumped after the Chinese EV maker unveiled its first long-battery-life electric car in January. But is the stock a buy now?

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  • TuSimple Announces Executive Advisory Board Consisting of Industry and Regulatory Experts

    TuSimple, a global self-driving technology company, announced today the members of its newly established Executive Advisory Board including Jeff Denham, Eric Fuller, Steve Girsky, Jim Kolbe, Derek Leathers, Mark Rourke, and Jean-Jacques Ruest. TuSimple's Executive Advisory Board will provide strategic advice to the company and its senior management team to accelerate the adoption of autonomous long-haul freight in areas including regulation, technology, freight logistics, and leadership.

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  • Microsoft and GM’s Cruise partnering on self-driving cars

    Yahoo Finance's Alexis Christoforous and Dan Howley discuss Microsoft's latest deal to get into the autonomous car space.

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  • Microsoft bets on GM’s Cruise while Amazon and others back Rivian amid electric vehicle boom

    It’s another big day in the EV (electric vehicle) and AV (autonomous vehicle) space. 

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  • New Strong Sell Stocks for January 18th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

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  • FuelCell Energy, Plug Power Stocks May Be Out Of Juice: Analyst

    Plug Power and FuelCell Energy received bearish marks from an analyst after they surged in recent months.

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  • Is the Options Market Predicting a Spike in Nikola (NKLA) Stock?

    Investors need to pay close attention to Nikola (NKLA) stock based on the movements in the options market lately.

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  • These 2 Comeback Stocks Are Leading the Nasdaq Higher Today

    2021 has gotten off to a solid start on Wall Street, and the good times continued for the Nasdaq Composite (NASDAQINDEX: ^IXIC) on Wednesday morning. As of 10:45 a.m. EST, the Nasdaq was up almost half a percent, with many believing that the index will soon challenge its all-time highs from late last week. For a long time now, it's been the high-growth leaders of the Nasdaq that have helped power the entire stock market higher.

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  • Analyzing Nikola's Unusual Options Activity

    On Wednesday, shares of Nikola (NASDAQ:NKLA) saw unusual options activity. After the option alert, the stock price moved up to $21.98. * Sentiment: BEARISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2021-07-16 * Strike Price: $35.00 * Volume: 752 * Open Interest: 307Three Ways Options Activity Is 'Unusual'Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it.Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset."Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future.Bullish And Bearish Sentiments Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity.Trading Options With These Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Click here for options trades from Benzinga * 10 Industrials Stocks With Unusual Options Alerts In Today's Session(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Nikola Secures Energy Partner for Hydrogen Production

    Truck maker Nikola (NASDAQ: NKLA) said late Tuesday that it has finalized a deal to receive affordable electricity needed to produce hydrogen for the company's planned fueling network. The company said it has secured a rate schedule with Arizona Public Service, a unit of utility holding company Pinnacle West Capital (NYSE: PNW), that Nikola says "makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry." Nikola went public last year amid much fanfare with a plan to build electric-powertrain trucks, with an eventual focus on fuel cells.

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  • Nikola Positioned To Accelerate Hydrogen Economy

    Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company ("APS") that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry. Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible. By facilitating low-cost production of hydrogen, the Arizona Corporation Commission's ("ACC") approval of this rate schedule paves the way for the curtailment of greenhouse gases in the transportation sector, while also providing benefits to key constituents via novel grid-balancing solutions.

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  • Why Nikola Stock Rose 8% Today

    Shares of electric truck maker Nikola (NASDAQ: NKLA) were up 8% as of noon EST Tuesday. Today, Plug Power (NASDAQ: PLUG) and French automaker Renault (OTC: RNSDF) announced a partnership in the hydrogen fuel cell sector that helps legitimize Nikola's plans for utilizing that technology. The joint venture announced by Plug Power and Renault is not directly associated with Nikola or its semitrucks.

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  • Why Nikola Dropped, but Other EV Stocks Jumped Today

    Many electric-vehicle stocks have had recent tailwinds, but investors still have questions about Nikola.

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  • EV Startup Faraday Said in SPAC Merger Talks to Go Public

    (Bloomberg) -- Faraday & Future Inc., an electric-vehicle startup, is in talks to go public through a merger with Property Solutions Acquisition Corp., a blank-check firm, according to people with knowledge with the matter.The special purpose acquisition company is seeking to raise more than $400 million in equity to support the transaction, which is slated to value the combined entity at around $3 billion, the people said. As with all deals that haven’t been finalized, it’s possible that terms change or talks fall apart.A Faraday spokesman didn’t respond to multiple requests for comment. A Property Solutions representative declined to comment. The firm’s shares surged 37% to $13.84 as of 5:35 a.m. Monday in New York, before the start of regular trading.Los Angeles-based Faraday, led by Chief Executive Officer Carsten Breitfeld, was founded by Jia Yueting, an entrepreneur who in October 2019 filed for bankruptcy in the U.S. after running up billions of dollars in personal debt. His efforts to build a business empire in China spanning interests from streaming to TVs saw him borrowing against pledged shares, leaving him on the hook for $2.3 billion in claims, according to the filing.Jia emerged from bankruptcy after setting up a creditors trust and transferring all of his shares in Faraday to the trust, he said in a July statement posted to the EV company’s website. He said as much as 10% of the trust will go to compensating shareholders in Leshi Internet & Technology Corp., a now de-listed unit of his conglomerate, and that he no longer holds any equity in Faraday but remains an employee. Approval of the plan cleared the way for the company to work toward its equity financing targets, the company said.Faraday this month appointed Zvi Glasman, the former chief financial officer of Fox Factory Holdings, as its CFO. It has said its flagship vehicle, the FF 91, will be available for sale about a year after the close of a successful round of funding.The ranks of automakers seeking to compete with Tesla Inc. in electric vehicles are heavily populated by Chinese startups. Investors were gripped by a mania for all things related to EVs in 2020, boosting Chinese car company Nio Inc.’s valuation above those of General Motors Co. and Ford Motor Co. Xpeng Inc. raised $2.2 billion from a follow-on share sale in December just a few months after its $1.7 billion IPO, and internet giant Baidu Inc. also is getting involved. It plans to team up with Geely Automobile Holdings Inc. to make electric vehicles for the Chinese market.Read More: Tesla’s Dominant Position in China Could Be Threatened Next YearProperty Solutions, led by Chairman and co-CEO Jordan Vogel, raised $230 million in a July 2020 IPO. The company, which has the ability to pursue a combination in any industry, said at inception that it intended to target firms that service the real estate industry, including property technology.Several EV companies including Nikola Corp. and Fisker Inc. have gone public since last year by merging with blank-check firms.(Updates with Property Solutions shares trading in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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