Investors Concerned as Nikola Prepares for Major Reverse Stock Split

Thursday, 20 June 2024, 16:15
Nikola Corporation has announced a significant reverse stock split scheduled for next week, causing unease among investors. The decision made by the company's board reflects uncertainties surrounding Nikola's market performance and future prospects. This move is viewed as a concerning development that may impact the company's stock value and shareholder confidence. With the impending reverse stock split, investors are closely monitoring Nikola's situation to gauge the implications on their investments.
Yahoo Finance
Investors Concerned as Nikola Prepares for Major Reverse Stock Split

Nikola's Stock Slumping

The company will conduct a big reverse stock split next week.

Board Decision

Here's why that's worrying investors.

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