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Do Traders Think Nikola Corp (NKLA) Can Keep Climbing Friday?

Friday, May 27, 2022 01:03 PM | InvestorsObserver Analysts

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Do Traders Think Nikola Corp (NKLA) Can Keep Climbing Friday?

The market has been high on Nikola Corp (NKLA) stock recently. NKLA gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Nikola Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on NKLA!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With NKLA Stock Today?

Nikola Corp (NKLA) stock is trading at $7.02 as of 12:50 PM on Friday, May 27, a gain of $0.23, or 3.47% from the previous closing price of $6.78. The stock has traded between $6.80 and $7.16 so far today. Volume today is light. So far 6,943,098 shares have traded compared to average volume of 12,623,061 shares. To screen for more stocks like Nikola Corp click here.

More About Nikola Corp

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. Click Here to get the full Stock Report for Nikola Corp stock.

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