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Benzinga
Benzinga
Business
Melanie Schaffer

UNBELIEVABLE: Nikola stock signals massive reversal but will the pattern hold | History Defined

Nikola Nasdaq Nikola Corp

Nikola Corp (NASDAQ:NKLA) gapped up over 5% higher on Thursday and spiked up an additional 9% before being pressured down toward Wednesday’s closing price by the general markets, with the S&P 500 plunging 3.75% lower by midday.

The surge was caused by Nikola printing better-than-expected first-quarter financial results. For the quarter, Nikola reported an earnings loss of 21 cents per share on revenues of a whopping $1.88 million, which beat the consensus estimate of a loss of 27 cents per share on revenues of $150,000.

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