Nikola (NKLA) Heading Toward Record Low

Nikola (NKLA) is trading lower after announcing plans for a $100M secondary stock offering. Jenny Horne discusses this as NKLA is heading toward a record-low close. She talks about how NKLA's offering will be at $1.12 per share, which is a 20% discount from Thursday closing pricing. NKLA plans to use the money raised for working capital and other uses. Tune in to find out more about the stock market today.

Market On Close

31 Mar 2023

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