Fool.com contributor Parkev Tatevosian explains why news of the capital raise sent Nikola's (NKLA 7.23%) stock price crashing.
*Stock prices used were the afternoon prices of Dec. 6, 2023. The video was published on Dec. 8, 2023.
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Why Nikola Stock Crashed After a Stock Sale Announcement
By Parkev Tatevosian, CFA
–
Dec 9, 2023 at 9:00AM
NASDAQ: NKLA
Nikola
Market Cap
$859M
Today's Change
(7.23%) $0.04
Current Price
$0.64
Price as of April 26, 2024, 4:00 p.m. ET
Nikola will receive an estimated $300 million in the combination equity sale and convertible debt offering.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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