Nikola corporation ($NKLA) Stock Forecast: Up 5.6% Today

What is Nikola corporation?

Nikola Corporation (NASDAQ: NKLA) is an American company known for its designs and manufactures in the electric vehicle industry, including electric vehicles, vehicle components, energy storage systems, and electric vehicle drivetrains. The company is recognized for its innovative solutions in sustainable transportation.

Why is Nikola corporation going up?

NKLA stock is up 5.6% on Jan 17, 2025 14:52

• NKLA stock saw a 0.81% increase during pre-market trading today.
• The rise in NKLA stock could be linked to the cessation of a well-known short-selling entity that had previously raised concerns about Nikola.
• With this short-selling firm no longer active, investor worries about Nikola may have lessened, leading to increased confidence in the company's future.
• Boosted by the positive market outlook and improved sentiments towards Nikola after the discontinuation of the short-selling firm, NKLA stock experienced a bullish movement today.

NKLA Price Chart

NKLA Technical Analysis

NKLA News

Super Micro Computer Shares Are On The Rise: What's Going On? - Super Micro Computer ( NASDAQ:SMCI )

SMCI stock is gaining after the announcement that Hindenburg Research, which previously accused the company of misconduct, is closing. The influential short-selling firm, known for high-profile investigations into companies cited personal reasons for its closure. Super Micro Computer, Inc.

https://www.benzinga.com/25/01/43038738/super-micro-computer-shares-are-on-the-rise-whats-going-on

SMCI Stock Gains Over 3% In Thursday Pre-Market After Short Seller Who Alleged 'Accounting Manipulation' Shuts Shop: Nikola, Block And Carvana Also In Focus - Nikola ( NASDAQ:NKLA ) , Carvana ( NYSE:CVNA )

According to Benzinga Pro, on Thursday, during pre-market hours, Super Micro Computer Inc SMCI saw a rise of 3.74%. At the same time, Jack Dorsey's Block Inc SQ, Carvana Co and automaker Nikola Corp NKLA also experienced gains of 1.09%, 1.50% and 0.81%, respectively.

https://www.benzinga.com/markets/equities/25/01/43022221/smci-stock-gains-over-3-in-thursday-pre-market-after-short-seller-who-alleged-accounting-manipul

From Adani To Nikola: How Hindenburg Research Reshaped Short-Selling Before Its Final Bow - Icahn Enterprises ( NASDAQ:IEP ) , Carvana ( NYSE:CVNA )

Hindenburg Research, the influential short-selling firm that rattled global markets with high-profile exposés of companies like Adani Group and Nikola Corp. NKLA, announced its closure Wednesday after a seven-year run that reshaped modern activist investing.

https://www.benzinga.com/markets/equities/25/01/43018900/from-adani-to-nikola-how-hindenburg-research-reshaped-short-selling-before-its-final-bow

Hindenburg Research founder says he's closing short-seller research shop

Hindenburg took on companies including Nikola and Carvana and financial titan Carl Icahn as a short-seller.

https://www.cnbc.com/2025/01/15/hindenburg-research-founder-says-hes-closing-short-seller-research-shop.html

Trending Today

Sui ($SUI) Crypto Forecast: Up 5.1% Today

Solana ($SOL) Crypto Forecast: Up 18.5% Today

Memecoin ($MEME) Crypto Forecast: Down 5.3% Today

Cardano ($ADA) Crypto Forecast: Down 6.4% Today

Shiba Inu ($SHIB) Crypto Forecast: Down 5.8% Today

Avalanche ($AVAX) Crypto Forecast: Down 5.0% Today

Toncoin ($TON) Crypto Forecast: Down 5.9% Today

Pepe ($PEPE) Crypto Forecast: Down 8.1% Today

Ondo ($ONDO) Crypto Forecast: Down 9.1% Today

Dogecoin ($DOGE) Crypto Forecast: Down 6.3% Today

Nikola corporation Price History

17.00.2025 - NKLA Stock was up 5.6%

• NKLA stock saw a 0.81% increase during pre-market trading today.
• The rise in NKLA stock could be linked to the cessation of a well-known short-selling entity that had previously raised concerns about Nikola.
• With this short-selling firm no longer active, investor worries about Nikola may have lessened, leading to increased confidence in the company's future.
• Boosted by the positive market outlook and improved sentiments towards Nikola after the discontinuation of the short-selling firm, NKLA stock experienced a bullish movement today.

25.08.2024 - NKLA Stock was down 6.9%

• The bearish movement in NKLA's stock today could be attributed to investors rotating out of high-risk EV stocks like Nikola Corporation.
• Highlighting oversold stocks in the industrials sector might have led investors to reallocate their funds from NKLA to more promising opportunities, causing a further decline in the stock price.
• The mention of the RSI indicator could have prompted traders to sell off NKLA shares if the technical analysis signaled a weak momentum for the stock, adding to the downward pressure on the stock price.
• Overall, the negative sentiment surrounding NKLA coupled with the appeal of undervalued industrial stocks could have contributed to the bearish movement in the company's stock today.

30.08.2024 - NKLA Stock was up 6.8%

• NKLA stock experienced a bullish movement following the announcement of J.B. Hunt Transport Services, Inc. incorporating 20 Nikola Tre fuel cell electric vehicles into its fleet, providing sustainable solutions for customers along the West Coast.
• This collaboration elevates Nikola's reputation and market presence, demonstrating the industry's rising interest in zero-emission transportation solutions.
• The development underscores NKLA's potential to capitalize on the growing demand for eco-friendly transport alternatives, positioning the company well for future growth and market expansion.

18.10.2024 - NKLA Stock was down 5.2%

• Nikola's stock plummeted due to the recall of 72 of its BEV trucks, which raised concerns about safety and reliability.
• The recall was initiated because of a display failure issue that could potentially lead to a higher risk of crashes, shaking investor confidence in the company's products.
• This news likely sparked a sell-off as investors reacted to the potential negative impact on Nikola's reputation and future sales, contributing to the bearish market movement.

02.11.2024 - NKLA Stock was down 5.7%

• The downtrend in NKLA could be linked to heightened competition and pessimism in the electric vehicle industry, particularly due to the emergence of competitive players like Tesla.
• Recent developments, such as Elon Musk's xAI targeting OpenAI, may have prompted some investors to look towards companies believed to possess more advanced technology, potentially impacting NKLA negatively.
• Concerns regarding NKLA's competitive edge in the rapidly changing electric vehicle sector could be driving the stock sell-off among investors.

28.09.2024 - NKLA Stock was up 19.3%

• Nikola Corp. shares rose by nearly 20% today, showcasing strong investor confidence in the company's future.
• The impending earnings report set for this week is likely driving the positive market sentiment, with investors expecting favorable financial results.
• The uptick in market activity reflects the increasing interest in the EV sector and investors' positive outlook on Nikola's performance in the third quarter.
• Today's bullish movement in Nikola's stock price is possibly linked to the growing anticipation surrounding the upcoming earnings disclosure and favorable market sentiment towards the EV industry.

31.09.2024 - NKLA Stock was down 6.3%

• Third-quarter earnings from Nikola fell short of revenue expectations, signaling a weaker financial performance.
• Investor confidence waned following the disappointing financial results, leading to the stock's bearish movement.
• Despite optimism prior to the earnings report, the actual numbers did not meet expectations, causing a negative market response.
• The market's reaction highlights the close scrutiny of Nikola's financial well-being and future outlook, with investors reacting swiftly to any signs of underperformance.

13.11.2024 - NKLA Stock was down 8.9%

• Nikola confirmed another round of layoffs, hinting at ongoing challenges and possible restructuring.
• The announcement of an Equity Distribution Agreement to sell up to $100 million of its common stock through an at-the-market offering might have increased selling pressure on the stock, resulting in the bearish movement.
• These recent developments indicate that investors are adopting a cautious approach towards Nikola's future outlook, leading them to sell shares and contributing to the downward trend in the stock price today.

03.09.2024 - NKLA Stock was up 5.8%

• Financial giants have shown a bullish sentiment towards Nikola, with 70% of traders being bullish on the stock, potentially contributing to the upward movement.
• The announcement of J.B. Hunt Transport Services adding 20 Nikola electric vehicles to their fleet could have boosted investor confidence in Nikola's technology and future prospects.
• The combination of increased bullish options trading activity and a significant partnership with J.B. Hunt Transport Services likely fueled positive investor sentiment, driving the bullish movement in Nikola's stock price today.

10.11.2024 - NKLA Stock was down 5.4%

• Nikola shares experienced a strong bearish movement, dropping by 3.42% to $1.56.
• The announcement of an Equity Distribution Agreement with BTIG to sell up to $100 million of its common stock through an at-the-market offering likely contributed to the negative sentiment.
• Investors may be concerned about potential dilution of existing shares due to the stock offering, leading to a sell-off in the market.
• The market reaction suggests that investors are cautious about the implications of the stock offering on Nikola's financial position and future growth prospects, resulting in the bearish movement.

04.10.2024 - NKLA Stock was down 5.4%

• The stock of NKLA experienced a strong bearish movement today.
• The delay in returning the battery electric trucks that were recalled last year could have eroded investor confidence in the company's operational efficiency and reliability.
• Missing revenue and earnings estimates in the recent quarterly report may have disappointed investors, leading to a sell-off of NKLA shares.
• Despite the anticipation surrounding the upcoming earnings report, the negative outcomes from the previous quarter seem to have overshadowed any potential positive news, contributing to the bearish trend in NKLA's stock price.

16.00.2025 - NKLA Stock was up 6.0%

• NKLA stock saw significant bullish movement on the most recent trading day.
• The cessation of a well-known short-selling company, which has previously targeted companies including Nikola, may have alleviated some negative sentiment and uncertainty surrounding NKLA.
• Investors might be more optimistic about NKLA's financial standing and future opportunities in light of the news about the closure of the aforementioned short-selling firm.
• This improved investor sentiment could have played a part in the positive movement of NKLA stock observed today.