Shares of Nikola Corp. sank 4.2% in morning trading Thursday, after the electric vehicle maker disclosed that it has received from the Nasdaq exchange a...
Shares of Nikola Corp.
sank 4.2% in morning trading Thursday, after the electric vehicle maker disclosed that it has received from the Nasdaq exchange a notice of noncompliance with the minimum-bid listing requirement. The Nasdaq requires stocks to maintain a minimum bid price of $1.00 to remain listed, while Nikola’s stock has closed below $1.00 for the past 31 sessions through Wednesday, starting April 11.
sank 4.2% in morning trading Thursday, after the electric vehicle maker disclosed that it has received from the Nasdaq exchange a notice of noncompliance with the minimum-bid listing requirement. The Nasdaq requires stocks to maintain a minimum bid price of $1.00 to remain listed, while Nikola’s stock has closed below $1.00 for the past 31 sessions through Wednesday, starting April 11.
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