Nikola Stock Powered Up: What's Going On?

Nikola Corporation NKLA shares are trading higher on Tuesday. The stock is up more than 110% over the last month.

What To Know:

Nikola stock is moving 8% higher on Tuesday with nearly double its average trading volume. According to Benzinga Pro, more than 117.5 million shares of NKLA have been traded, compared to its 100-day average of 60.5 million shares. 

Nikola is popular among retail investors, and the stock is currently trending on Yahoo! Finance. According to Benzinga Pro, NKLA has the attention of short sellers as well, with 19.15% of available shares being sold short.

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NKLA Price Action: According to Benzinga Pro, Nikola shares are trading 8.65% higher at $2.53 at the time of publication.

Image: kalhh from Pixabay