• Nikola surges 15% from intraday lows as JPMorgan analyst defends company following CFO meeting

    6 days ago - By Business Insider

    REUTERS/Massimo Pinca
    Nikola reversed from intraday lows and rallied as much as 15% on Wednesday after JPMorgan defended the company following a discussion with Nikola management. "The overall message was reassuring: no loss of momentum with existing partners, prospective customers, suppliers and employees," JPMorgan analyst Paul Coster said in a note on Wednesday. Nikola has ping-ponged back and forth over the past week after a short-seller report helped deflate stock gains associated with its $2 billion partnership with General Motors. "Never a dull moment with this stock," Coster said...
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