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Why Nikola Stock Jumped More Than 25% Today
NKLANikola(NKLA) The Motley Fool·2024-10-02 16:29

Shares of the hydrogen fuel-cell truck maker hit a 52-week low last week but are on fire today. Is it a buy? Nikola (NKLA 23.62%) stock hit its 52-week lows on Sept. 26 and had plunged a staggering 82% year to date by yesterday's market close. Today, shares of the electric vehicle (EV) maker skyrocketed and were up more than 25% as of noon Wednesday after the company reported record sales for the third quarter. The emphasis on "record" is important here, as you will soon understand. Nikola is finally sellin ...