Why Nikola Stock Is Trucking Higher Today
Shares of electric big-rig start-up Nikola (NASDAQ: NKLA) were moving higher on Monday, after a Wall Street analyst said that the stock could jump after the company's earnings report later this week. As of noon EDT, Nikola's shares were up about 9.7% from Friday's closing price. In a note on Monday morning, Deutsche Bank analyst Emmanuel Rosner added Nikola to the bank's earnings-related short-term buy list while maintaining a longer-term hold rating on the truck company's shares.
