Nikola stock jumps as retail investors scoop up shares after BayoTech deal
317 million shares were traded on ThursdayShares of Nikola Corp jumped 15.8% in premarket trading on Friday, a day after a short squeeze sent the electric-truck maker's shares soaring in their busiest trading session on record.
Last week, Nikola reported a sequential jump in EV sales in the second quarter, a positive sign for the startup that has been grappling with a cash crunch and stiff competition.in the previous session, according to J.P.Morgan tracker, indicating continuation of the strong interest in EV stocks from individual investors.
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