Nikola shares surge 27%, set for their best day since September 2023

Nikola

08/07/2024 17:13

** Shares of electric vehicle maker Nikola  NKLA.O  up 26.9%
at $11.42, set for their biggest daily jump since September 2023
    ** Last week, deliveries of NKLA's hydrogen-fuel cell trucks
surged 80% in Q2 compared to preceding quarter.
    ** More than 8.5 mln shares traded during the day, over
double the 25-day moving avg. volume of 3.7 mln - LSEG data
    ** NKLA was among top-trending tickers on retail trader
platform Stocktwits.com
    ** Company had delivered 72 Class 8 Nikola hydrogen-fuel
cell trucks to wholesalers in the quarter, exceeding its own
estimates of 50 to 60 trucks
    ** Up to last close, NKLA down ~66% YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))